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Government’s GH¢2 diesel subsidy offers timely relief, not a long-term solution – IES
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MyJoyOnline
While welcoming the intervention, Mr Emmanuel Xatse said he would have preferred the subsidy to also cover petrol consumers.
Nobody can guarantee whether it will last for a week, two weeks, three weeks or four weeks," he said.
Mr Emmanuel Xatse stressed that subsidies are temporary measures and should not be viewed as a permanent solution to fuel price volatility.
Looking ahead, Mr Emmanuel Xatse said government must pursue longer-term measures to protect consumers, including strengthening the cedi, which has recently come under pressure.
He concluded that while the GH¢2 diesel subsidy is a welcome intervention, sustaining such relief will ultimately depend on government's fiscal capacity and broader macroeconomic conditions.