The MP for Yapei Kusawgu, John Jinapor, has urged the NPP’s flagbearer, Dr. Mahamudu Bawumia, to prioritize addressing the depreciation of the Cedi to counter the escalating fuel prices rather than focusing on debates ahead of the December elections.
Jinapor’s remarks follow the recent surge in petroleum product prices.
During a media interaction, Yapei Kusawgu criticized the government for allegedly causing financial losses to the state due to the ineffectual implementation of the gold-for-oil policy aimed at curbing the persistent rise in fuel costs.
“The managers of the economy have to sit up. And clearly, the Bank of Ghana is losing it. While the Bank of Ghana is spending millions of Cedis and dollars on the gold-for-oil programme, the currency is not stabilising.
“The Cedi is depreciating, fuel prices are going up, cost of living is going up, and everybody is suffering. But worst of all, wages and salaries are stagnating. Wages and salaries are not going up. The managers of the economy have lost it.
“And I think that Dr. Bawumia, instead of calling for a debate, should rather spend some time concentrating on managing the economy. He should stop the unnecessary call for a debate, do his work as the head of the economic management team and ensure that we deal with the ever-rising cost of fuel.