The Minister also indicated that the President has also been meeting on the rising cost of fuel in Ghana, which is currently at GHS 10 per litre.
This has compelled calls for some taxes on petroleum products to be scrapped.
“Yesterday and today the President has been engaged in meetings in preparation to announce the easing of escalating fuel prices,” he said in a tweet.
This comes on the back of predictions that petroleum prices at the pumps could increase from GH¢8.22 to GH¢10.00 per litre for diesel, and from GH¢8.22 to GH¢9.00 for petrol by Wednesday, March 16, 2022.
According to COPEC, the price increase in petroleum products can be attributed to the poor performance of the cedi against the dollar as well as the rising cost of the product on the international market.
Calls for the scrapping of some taxes on petroleum products seem not loud enough as the prices keep rising on what seems like a daily basis.
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