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Greenback has declined so cut back gasoline value and transport fares – Abeiku Santana

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As of Tuesday, December 13, 2022, the US greenback depreciated, thereby, buying and selling in opposition to the cedi at a shopping for price of 11.4943 and a promoting value of 11.5058. A couple of days in the past, the greenback was initially promoting at GHC14.000.

Following the event, Ghanaians have been anticipating to see costs of products and companies decreased. Nonetheless, it has been reported that merchants and companies are refusing to scale back the value of their commodities and companies.

In the back of this, well-liked Ghanaian broadcaster, Abeiku Santana, has requested the federal government to react.

I’m pleading with the Bulk Oil Distributors. The greenback’s worth has declined so pls cut back the costs of your gasoline. Oil advertising and marketing firms must also cut back their costs. Simply because the greenback is declining on a regular basis, you might want to additionally cut back your costs on a regular basis. Drivers and transport operators who’ve elevated their costs, now the greenback goes down, its time to chop down your costs. The police additionally want to begin arresting those that are nonetheless charging outrageous costs,” he mentioned,

In response to the Okay FM presenter, “the worse of all is the truth that on the Ports and Harbours, the alternate price continues to be GHC15.000 or typically GHC14.00 in opposition to the greenback regardless of the decline within the US foreign money”.