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Ghana: Soaring Crude Price On World Market GOG to Take Ameliorating Action
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Accra Mail (Accra)
16 May 2008
Posted to the web 16 May 2008
Isaac Essel
Accra
To save Ghanaians from the dire consequences of escalating world fuel prices and the increase in the prices of goods and services, the government has reviewed various options on how to effectively manage the situation.
The Minister of Information and National Orientation, Mr. Stephen Asamoah-Boateng in a press statement issued yesterday said "Government will soon announce measures aimed at reducing the effects of the global fuel and food crises on Ghanaians".
He said the decision came from a cabinet meeting held on Wednesday after studying the increase in global crude oil price and its effect on the Ghanaian economy.
The Minister also allayed fears that the situation may derail Ghana's economy and asked Ghanaians to remain calm as government takes pragmatic measures to handle the situation.
"Government wishes to assure the nation that the economy as at now is in good shape due to the strong macroeconomic indicators and with the discovery of oil, it is expected that the economy will improve greatly," Mr. Asamoah-Boateng said.
The Minister refrained from giving details on how soon the public should expect and experience the good news from the government.
The announcement has also come under intense public scrutiny with contributors to radio station programmes in Accra subjecting it to criticism or appreciation, depending on the political angle the contributor is coming from.
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Some think it is a good move by a listening and caring government, others have rubbished it, claiming it is a political gimmick in an election year.
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