If NPP were in power, the abduction of President Maduro would have been enough to increase fuel prices – Edudzi Tameklo

The Chief Executive Officer of the National Petroleum Authority, Godwin Edudzi Tameklo, has criticised the New Patriotic Party, saying the party would have raised fuel prices if it were in government during the reported abduction of Venezuelan President Nicolás Maduro.

Speaking on TV3’s New Day programme on Wednesday, Tameklo said the NPP often blames external events for internal economic difficulties, especially increases in fuel prices.

“If the NPP were in power, the abduction of President Nicolás Maduro would have been enough reason to increase fuel prices,” he said.

He also referred to the Russia-Ukraine war, pointing out that although the conflict was far from Ghana, it was repeatedly blamed for the country’s double-digit inflation under the previous administration.

“The people who were having bombs dropped on them had single-digit inflation, yet Ghana was recording double-digit inflation,” he stated.

Tameklo praised President John Dramani Mahama for what he described as strong economic leadership in his first year in office, noting that the government has not issued any Eurobond during this period.

He said Finance Minister Ato Forson has paid about $709 million in inherited debt at a stable exchange rate of GH¢10.5 to the dollar, leading to major savings for the country.

According to Edudzi Tameklo, this shows the importance of putting competent people in charge of the economy, adding that the current administration should be judged by the results achieved so far…CONTINUE MORE READING>>>