The Institute for Energy Security (IES) says the recent depreciation of the Ghana cedi is preventing consumers from enjoying larger reductions in fuel prices, despite the government's intervention to cushion the impact of rising global oil prices. He said the recent subsidy provides welcome relief, but the weakening cedi continues to offset some of the gains that could have been realised. According to him, stabilising the local currency should form part of the government's long-term strategy to protect consumers from recurring fuel price shocks. "The long-term measure is that the government has to look for more money to be able to cushion consumers," he said, adding that broader macroeconomic stability would also help sustain lower fuel prices. DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.