Govt Making Super Normal Profit From Russia-Ukraine War - Minority Alleges | Politics

The Minority in Parliament has alleged that government is making tremendous regular revenue from the Russia-Ukraine battle and never the case that the battle is having a damaging affect on the Ghanaian financial system.

The Minority Spokesperson on Energy and the National Democratic Congress (NDC) Member of Parliament (MP) for Yapei-Kusawgu, John Jinapor, instructed a press convention on Wednesday in Parliament that within the 2022 funds, government projected to obtain GH¢6 billion from the petroleum sources for the 12 months however in lower than three months, it has obtained over GH¢8 billion.

"So in three months, government has received more than it has projected for the whole year," he stated, attributing the figures to a report by the Public Interest and Accountability Committee (PIAC), in addition to stories by the Ministry of Finance.

The former Deputy Power Minister [2013 to Jan 2018] stated gas costs in Ghana has elevated by 300 per cent in lower than one 12 months from an preliminary GH¢6.5 per a liter originally of the 12 months.

"Ladies and gentlemen, it is sad to say that fuel is more costly even more than the minimum wage," Mr Jinapor stated.

Levy stabilization

He additional alleged that even the Price Stabilization and Recovery Levy which was supposed for use to subsidize gas and cushion Ghanaians in opposition to the astronomical rising of gas costs has not materialised.

He stated government projected that within the first and second quarters of the 12 months, it's going to obtain GH¢269 million "but as we speak and from the Minister of Finance's own record, it has received GH¢ 800 million."

"So, this notion that government is not making money is a fallacy and a complete falsehood," Mr Jinapor identified.

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The Minority has, subsequently, referred to as on President Nana Addo Dankwa Akufo-Addo and the Finance Minister, Ken Ofori-Atta, to do one thing concerning the fixed rising of gas costs to cushion Ghanaians.

"They should sit up and think outside the box and apply this huge super normal profit to cushion the ordinary Ghanaian," he stated.

For him, the cascading results of the rising costs of gas was having a dire penalties on nearly each factor, notably meals gadgets, therefore making life insufferable for the strange Ghanaian.

"The President said he was going to give us cheaper fuel from where? And strangely, he did not give any timelines. He must provide a practical solution to the country's challenges," Mr Jinapor famous.

"The nation is going through difficult times. Indeed, some have said we are in a deep hole but I think we are in a galley," the NDC's spokesperson on Energy noticed.