The Vice President John Dramani Mahama on wednesday met major stakeholders to address some of the reactions that came out after the National Petroleum Authority announced the 30 percent increament on petroleum products.
The meeting which engaged members of the Trades Union Congress, Association of Ghana Industries and the Ghana Employers Association behind close doors would among other issues draw up modalities that would relieve them of their business plights.
The meeting would also help draw up strategies that would enable the NPA to regularly review the prices to forstal huge increaments in future.
Vice President Mahama in an address before the close door meeting said government was concerned with the reactions of the public and the business community hence the meeting to ensure that the mistakes were not repeated in future dealings.
"We understand the plight of Ghanaians and that is why I have convened this meeting to ensure that things are ironed out for the better"
Mr. Kofi Asamoah, Secretary General of Trades Union Congress said the 30 percent increament had affected the purchasing power of Ghanaians, affected Industry and Business which were also having rippling effects on all sectors of life in the country.
He said the increament was likely to create labour problems as industries were also likely to lay off their workers as a result of high cost of production in their businesses.
Nana Owusu Afari, President of Association of Ghana Industies called on the NPA to always hold consultations before releasing their new prices as that could water-down the tension that normally arose on the heels of price increases in petroleum products.
Story: Office Of The Vice President
12/1/11
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