Speaking to Benard Nasara Saibu on the Morning Starr, Principal Research Analyst at the Institute of Energy Security, Richard Rockson said consumers should brace themselves for an increment of not less than 2%.
According to Mr. Rockson, a market scan of the petroleum sector for the second window indicates prices going up.
”For the first window in December we predicted that prices are going to fall and it did happen but in the second window unfortunately we are looking at prices of fuel going up.
The dollar rate at now is about Ghc4.25, before this window it was ghc4. When you look at crude oil prices, they have gone up on the world market. When you take crude, our forex and our reserves what we have now is an all-time low…diesel will not take us up to three weeks…in all we have about 100 to 200million of fuel stock in the country at the moment… When you put all these together and do the indices we are looking at 4 to 6% of prices going up not less than 2% no matter what prices will go up between December 16 and December 31 in the second window.”
An Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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