Deregulation – An old promise to IMF

THE deregulation of petrol pricing system, as a policy, is a commitment made by the Government to the International Monetary Fund (IMF), as far back as September, last year.

The situation appears non-negotiable since the Government had been spared sanctions for misreporting on a purported increase in tariffs on water, some time in 2003, when in fact, it had not done so.

To be seen to be going back on its word, once again, would undermine the credibility of the Government by the IMF.

In an IMF report, published last year, it was noted that:

Source: GhanaWeb

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