Middle East Crisis threatens Ghana’s fuel stability – NDC’s Wonder Kutor

Wonder Kutor Victor, a member of the National Executive Committee of the National Democratic Congress (NDC), has cautioned that escalating tensions in the Middle East may threaten recent progress in Ghana’s petroleum sector.

The caution comes as industry analysts project a sharp rise in fuel prices following the closure of the strait of Hormuz, a key global oil shipping route, a development that could impact both consumers and businesses locally..

Speaking on Channel One TV’s Breakfast Daily on Monday, March 9, Mr. Kutor Victor said the situation could reverse recent progress in stabilising fuel prices if the tensions persist.

“Quite recently we saw some fuel stations giving out waakye and porridge because fuel prices had come down.

Now it means that all these successes is hinged to stable conditions in order countries. With this war now, all these gains will be lost,” he explained.

“Even after COVID, the previous government was charging a COVID-19 levy.

It took the NDC to remove it. That is what we are talking about.

If the NPP were still in power, by now we would have an IRAN levy,” he added.

Source: CitiNewsRoom