The New Patriotic Party Member of Parliament for Obuasi West, Mr. Kwaku Kwarteng, has debunked the assertion that the fall in world market prices of oil have adverse effect on the economy.
According to him, Ghana as a net importer of petroleum will not lose if the world market price falls and that the assertion that the drop in oil prices affects the economy is not true. He said: "The suggestion that when oil prices falls it hurts our economy, is a dishonest one. Ghana is a net importer of petroleum."
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article