Fuel intervention: 'Global shocks affect Ghana; NDC must admit that'— Adomako Kissi
A former Member of Parliament for Anyaa-Sowutuom, Dr Dickson Adomako Kissi, has welcomed the Mahama administration's temporary GH¢2 per litre reduction in the regulatory margin on diesel.
He has, however, urged the government to be candid with Ghanaians about the impact of global economic developments on fuel prices.
His comments follow President John Dramani Mahama's directive to reduce the regulatory margin on diesel for one month to cushion consumers and prevent an increase in transport fares after recent fuel price hikes.
The intervention took effect on Tuesday, August 4, with the Presidency saying the measure is intended to ease the burden on consumers, contain inflationary pressures and mitigate the impact of rising fuel prices on the cost of living.
The former lawmaker argued that the National Democratic Congress (NDC), while in opposition, often dismissed the influence of global events on Ghana's economy but now appears to acknowledge those realities through its policy interventions.
"I like interventions... especially when you are taking one Ghana from me, and you are now intervening. I like interventions, but my point is that they were of a school of thought that world events do not matter. It doesn't affect us," Dr Adomako Kissi said on Accra-based Channel One TV's Breakfast Daily programme on Tuesday, August 4.
He further cautioned that managing the economy should go beyond stabilising the exchange rate, noting that relying heavily on the cedi's performance without addressing broader economic fundamentals could prove unsustainable.
Dr Adomako Kissi urged the government to maintain transparency in communicating the country's economic challenges.
He further argued that Ghanaians deserve an honest assessment of the factors driving fuel prices and the cost of living.