Ghana hikes fuel prices
Page last updated at Saturday, February 16, 2013 20:20 PM // 4 Comments

Fuel_stationThe Ghana government today announced it has increased the prices on fuel between 15-20%

The new prices take effect Sunday February 17, 2013, according to a statement signed by the Chief Executive of the National Petroleum Authority Alex Mould, reports myjoyonline.com February 16, 2013.

“The maximum indicative price for a litre of petrol will be GH¢2.0496 (GH¢9.22 per gallon) and the maximum indicative prices for a litre of diesel will be GH¢2.0683 will (GH¢9.31 per gallon)” it quoted the statement as saying.

Kerosene will now sell at 104.65 pesewas per litre, a 15% rise while LPG will go for 194.85 pesewas per litre or GH¢24.36 per a 12.5 kg cylinder, according to the report. The LPG price is increased by 50%.

The statement said the new prices are based on the crude oil price of $116 per barrel and an exchange rate of GH¢1.89/USD.

By Ekow Quandzie

PointB:


It was previously sold 1.82 or thereabout, roughly N149.1803279. By the way, GH¢2.0496 is roughly N167.95

Sincere 9gerian:
That's means the govt has effectively removed ALL subsidies on petrol and diesel but it appears there is still subsidy on kerosine.

dridowu: Well done 4 ur company investigation, Subsidy removal may have occur in Ghana and there is no shouting, no protest, etc. The reverse is the case because ur BOSS ( PDP GOVERN) since 1999 have failed to provide basic amenities
1) Ghana have started having Power Failure but still better than what we are experiencing in Nigeria
2) Plane Crash is a normal thing in Nigeria ( Recent 1 Late Kaduna Gov
3) Education , u may/may not agree with me that our education is almost a total failure , most Nigeria Parent now send their children/wards to Ghana to have QUALITY SOUND EDUCATION. I will personnally give Kudos to any Governor(Ex) or President (Ex) that will enrol any of their Children/Ward in govt owned school.
4)Transportation, Ghana Rail System is bad but still far ahead of Nigeria Rail Systen
5)Health Care, u & i, no that our health care is noting to write home about, when Obj was the President he spend so much onthese sector , with that Stella died in foreign Hospital, Late Pres Yaradua also go 4 frequent medical treatment at the foreign. Now Oga Jono, he cannot deny that since he became d President he has never travelled out of the country 4 medical, when his wife was sick they all claim that she went to have rest until the woman now come out publicly to tell the whole world what happen to her
) Judiciary is now for the highest bidder e.g Bode George (70B+)= 2yrs
Tafa Balogun (15B+)=6months
Cecelia Ibru(cant remeber now)=6months
Yusuf Maina(70-80B+)=750000 option and so many that time won't to mention.
All these set of groups PDP, ACN, CPC, APGA,LP, ANPP,APC ETC are all THIEF
Am so Sorry about my english

All these bad thing and many more that are still happening occur because all OUR leaders from Councillors to President are all Corrupt Minded People

dridowu: Well done 4 ur company investigation, Subsidy removal may have occur in Ghana and there is no shouting, no protest, etc. The reverse is the case because ur BOSS ( PDP GOVERN) since 1999 have failed to provide basic amenities
1) Ghana have started having Power Failure but still better than what we are experiencing in Nigeria
2) Plane Crash is a normal thing in Nigeria ( Recent 1 Late Kaduna Gov
3) Education , u may/may not agree with me that our education is almost a total failure , most Nigeria Parent now send their children/wards to Ghana to have QUALITY SOUND EDUCATION. I will personnally give Kudos to any Governor(Ex) or President (Ex) that will enrol any of their Children/Ward in govt owned school.
4)Transportation, Ghana Rail System is bad but still far ahead of Nigeria Rail Systen
5)Health Care, u & i, no that our health care is noting to write home about, when Obj was the President he spend so much onthese sector , with that Stella died in foreign Hospital, Late Pres Yaradua also go 4 frequent medical treatment at the foreign. Now Oga Jono, he cannot deny that since he became d President he has never travelled out of the country 4 medical, when his wife was sick they all claim that she went to have rest until the woman now come out publicly to tell the whole world what happen to her
) Judiciary is now for the highest bidder e.g Bode George (70B+)= 2yrs
Tafa Balogun (15B+)=6months
Cecelia Ibru(cant remeber now)=6months
Yusuf Maina(70-80B+)=750000 option and so many that time won't to mention.
All these set of groups PDP, ACN, CPC, APGA,LP, ANPP,APC ETC are all THIEF
Am so Sorry about my english

All these bad thing and many more that are still happening occur because all OUR leaders from Councillors to President are all Corrupt Minded People

domack99: Ghanian electricity is more stable, most of them only fuel their vehicle,
Their leaders are less corrupt compare to ours, so most likely they we use the money to developed their country.

The point here is, if subsidy most go in Nigeria, our leaders would need to make a huge sacrifice, these guys allocate huge amount of money for themselves more than enough to carter for 500 naira per litre of fuel if it were to be. The basic amenities are not there for us to enjoy. If the subsidy is taken away, wouldn't the money go into some politician pocket in the name of not existing project.

About 37 naira has been taken away that bring the price to 97 naira per litre, tell what have they being using the 37 naira for since 2012, and please don't tell me they fixed the road or build a bridge because all these projects have been budgeted for without the subsidy money. One thing was obvious, they increase the states monthly allocation, then what the state governors settles their cacus and god-fathers.

SMH- sincerely not their fault but ours

take dat: It is very easy for pro-government crusaders, toadies and media managers to blame everyone else except their benefactor, even as we have a government that is pathologically incapable of taking responsibility of her actions! You blame the opposition, activists and concerned Nigerians for resisting an attempt to hike fuel price, but see nothing wrong in a government that misallocated over N2trillion, more than half of a year's budget! You should ask the Ghanaians if their government granted licenses and gave out allocations to briefcase companies, cronies and runs a system that is permeable to fraud, and marred with irregularities in the management of subsidy funds! The basis for comparison should be centred on the attitude of respective governments and the perception of their citizens towards them!

Sincere 9gerian:
You stated that "N2trillion was mis-allocated". This is how you guys shamelessly lie. N2trillion was mis-allocated yet you bought fuel for subsidized price of N65 per litre all thru 2011? Didn't you buy fuel for N65 in 2011? How did the fuel you bought at N65 in 2011 arrive? That some of the subsidy money was stolen does not mean the whole N2trillion was stolen or mis-allocated. There should be honour even among liars?

The corruption problem you complained of also exist in Ghana though not of the magnitude we see in Nigeria because Ghana was not an oil producing country until recently. The corruption that exist in Nigeria also exist in the Lagos state govt that you PRAISE TO HIGH HEAVENS. Or is Lagos not part of Nigeria?

Sincere 9gerian:
You stated that "N2trillion was mis-allocated". This is how you guys shamelessly lie. N2trillion was mis-allocated yet you bought fuel for subsidized price of N65 per litre all thru 2011? Didn't you buy fuel for N65 in 2011? How did the fuel you bought at N65 in 2011 arrive? That some of the subsidy money was stolen does not mean the whole N2trillion was stolen or mis-allocated. There should be honour even among liars?

The corruption problem you complained of also exist in Ghana though not of the magnitude we see in Nigeria because Ghana was not an oil producing country until recently. The corruption that exist in Nigeria also exist in the Lagos state govt that you PRAISE TO HIGH HEAVENS. Or is Lagos not part of Nigeria?

PointB:


That fair to say. Secondly, most households in Ghana use cooking gas, not many people in Ghana have seen Kerosene. Except for the rural areas.

take dat: You can continue serving your delicacies of lies to yourself and fellow brown nosers. I am beholden to no one and I do not sing for my supper! If N240billion was allocated for subsidies and government ended up spending almost 10x of that, isn't that "Misallocation" of public funds?
so because fuel was easily accessible, it then gives the government a leverage to pay for products not imported and overpay those imported? So the large scale and mindless looting of our treasury shouldn't be a source of concern to Nigerians because fuel was in abundance as at that time? It explains the loss and disappearance of honesty in you!


If Fashola or any of the officials of LASG is found to have corrupted him or herself, isn't it the responsibility of the Federal controlled EFCC and ICPC to bring any found culpable to book? It has become abundantly clear that GEJ is not the one to sweep Nigeria clean!

Lastly, I'll like you to show any of my posts where I have excessively praised Fashola cos I know I have at certain times commended Jonathan!

Sincere 9gerian:
It is mischief of the greatest height to just sit and assume that projects have been budgeted for and as such should be completed immediately. Have you made effort to know HOW MUCH is in the budget and HOW MUCH is the project? If you have a N100billion project and only N1billion (due to paucity of funds) is provided for the project in the budget, can such projects be completed in 20yrs if we go by the budget alone? Do you know why the Lagos metro rail has not be completed since in was started by Jakande in 1983? Do you know why there are so many abandoned projects all over the country?

berem: Nigeria still has a long way to go as majority still use Kerosene in this 21st century.

hisson3: just one word to classify you: DAFTNESS!

PointB:


He is pretty much intelligent in his articulation and presentation. So sir, the word daftness, so not even begin to apply. Look for something else to accuse him of before the word turn their gaze on you.

Sincere 9gerian:
Budgets are estimates and circumstances may warrant spending more than what was budgeted, especially in a very volatile oil sector. Since 1999, the budget for fuel subsidy has NEVER rhymed with the eventual expenditure at the end of the year. In 2006, nothing was budgeted for fuel subsidy but the govt ended up spending over N200billion by year end on subsidy. If N2trillion was spent on subsidy without appropriation, the expenditure could be termed illegal if we follow the laws to the letter and not "mis-allocation". The term mis-allocation, implies the funds was used for other purpose.

As for the Lagos state govt, if Nigeria is corrupt and Lagos is part of Nigeria, then the Lagos state govt must be corrupt too. That they've not been caught by the EFCC or ICPC does not mean they'r clean. After all not all armed robbers have been caught

take dat: What exactly are you on about? Yes, since 1999 the amount budgeted for fuel subsidies did not equal the amount spent at the end of each year, but supplementary budget appropriations to balance up the subsidies account were announced/passed within the year. That Never happened in 2011! There was budgetary provision for fuel subsidy in 2006, N75billion from FG and another N75billion from state and local governments making N150billion! Stop confusing yourself with the term "misallocation of public funds", it does not necessarily mean faulty allocation. Monies not appropriated/allocated but spent can also be called misallocation/ misuse/ misappropriation of public funds! The bottom line is government gave out public funds to private sharks which led to massive fraud! The reason why the removal was a complete success in Ghana and why there was so much resistance in Nigeria is because, the trust deficit index of Nigerian leaders is high, that the best of government's intentions are always misconstrued!

On LASG na you sabi, I have said my piece on that!