‘Arrest’ dollar to bring fuel prices under control – COPEC
‘Arrest’ dollar to bring fuel prices under control – COPEC The Chamber of Petroleum Consumers Ghana (COPEC) has asked the Bank of Ghana and the Economic Management Team to take immediate steps to halt the fast decline of the Cedi against the US Dollar to stabilize fuel prices. The Chamber attributed the continuous hikes in fuel prices to the “free fall” of the Cedi and cautioned that fuel prices could hit “uncontrollable” levels in future if the local currency was not stabilized. Executive Secretary of COPEC, Mr Duncan Amoah speaking to the media said, fuel prices could hit GHS20 per litre by the end of the year if the rate of depreciation of the Cedi was not halted immediately. According to him, it is very sad to hear President Akufo Addo praising the Finance Minister despite the economic crisis in the country. He added that, the cedi is depreciating against the dollar stressing that, availability of dollar, if not addressed in the coming days, they could also be hit