The senior presidential advisor, Yaw Osafo-Maafo has said that the government cannot provide subsidies for petroleum products in Ghana.
Osafo-Maafo maintains that the Ghanaian economy cannot “stomach” any form of incentive to fuel.
“There is no way the economy can provide subsidy to fuel,” the former Finance Minister told Asaase Radio’s Beatrice Adu, adding “it’s a commodity we don’t produce, others produce and we buy. And therefore, we should at best buy it at the cost price.”
“The economy cannot and I repeat, cannot stomach [fuel] subsidy. People should pay for it. You see, there are so many vehicles on the road and some of them need not be there. If you can’t afford to drive a 4-wheel drive, then you must not use it. We must now begin to look at situations of economic use of energy,” Osafo-Maafo said.