Vice Chair of the Energy Committee, Kofi Arko Nokoe, has reassured Ghanaians that the government is committed to maintaining energy stability and protecting consumers amid concerns over rising fuel prices and the potential removal of the “One Ghana Cedi” levy.
His comments follow increasing pressure from the Minority to scrap the One Ghana Cedi levy and provide relief to Ghanaians amid rising global crude oil prices.
Lawmakers and consumer advocates have urged the government to act quickly to cushion the public from escalating fuel costs, which have raised concerns about affordability and inflation.
Speaking in an interview on Joy FM’s Top Story on Wednesday, March 18, Mr Nokoe stressed that while removing the levy could slightly reduce pump prices, it is not a guaranteed solution to fuel affordability.
“Even if the One Ghana Cedi was removed today, would prices come down immediately? That is the real question,” he said, urging patience from the public.
He highlighted the progress achieved since the levy’s introduction, noting that it helped address legacy debts in the energy sector.
“The light has been on, there has been power stability, industry is functioning, and the price at the pump is still better than it was in December 2020,” he said.
Acknowledging public demand for relief, he added that the Energy Ministry is closely monitoring the situation and preparing to make an informed decision.
“There should not be any panic. The assurance has been given that there is cover for about six weeks, and much is being done to ensure the ordinary Ghanaian does not bear the brunt of the situation,” he stated.
The MP also pointed to ongoing reforms in the energy value chain, including efforts to expand renewable energy and improve revenue mobilisation by the Electricity Company of Ghana (ECG).
He expressed confidence in the Energy Ministry’s leadership, adding, “Any decision that comes will be in the interest of Ghanaians. We should have confidence in this government.”
The government’s assurances come as citizens await clarity on measures that could provide relief from rising fuel costs while maintaining stability in the energy sector.
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Source: www.myjoyonline.com