Energy Committee Vice Chair assures Ghanaians on stability amid fuel prices

Kofi Arko Nokoe, Vice Chair of the Energy Committee, reassured Ghanaians that the government is committed to maintaining energy stability and protecting consumers amid concerns over rising fuel prices. He spoke in an interview on Joy FM’s Top Story on Wednesday, March 18, and urged patience from the public. He said, "Even if the One Ghana Cedi was removed today, would prices come down immediately? That is the real question."

Mr. Nokoe highlighted the progress achieved since the "One Ghana Cedi" levy's introduction, noting that it helped address legacy debts in the energy sector. He stated, "The light has been on, there has been power stability, industry is functioning, and the price at the pump is still better than it was in December 2020." He also acknowledged public demand for relief.

The Energy Ministry is closely monitoring the situation and preparing to make an informed decision. Mr. Nokoe stated, "The assurance has been given that there is cover for about six weeks, and much is being done to ensure the ordinary Ghanaian does not bear the brunt of the situation." Citizens await clarity on measures that could provide relief from rising fuel costs while maintaining stability in the energy sector.