The Trades Union Congress (TUC) is asking government to, as a matter of urgency, reduce petroleum prices.
The body says the increment will have adverse effects on standards of living and job security as some companies have threatened to lay off workers to cut down operational cost.
The NPA announced a 25/30% upward adjustment in petroleum prices on Tuesday in reaction to increases in the cost of crude oil on the world market and the increase in the TOR Debt Recovery Levy.
The Secretary General of the TUC, Kofi Asamoah, has told Joy News the quantum of increase indicates that government is insensitive to the plight of Ghanaians.
“Such an increase will have serious implications for the face values of income, it will have serious implications for industry, it will have serious implications for cost of living and then serious implications for job security,” he lamented.
The group has expressed its disappointment over the increases and has advised government to take a second look at the prices in order not to collapse industry.
He said the TUC wants “a review”, adding, “we want an urgent review because if even you take industry-manufacturing industry-they are struggling to survive...Then sincerely one can say that government is quite insensitive to the plight of the ordinary [man].”
He said the TUC is meeting today to discuss further how to tackle the issue with government and would come out with the necessary course of action if government does not heed their request.
Story by Derick Romeo Adogla/Myjoyonline.com/Ghana
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.
Tags:
Latest Stories
-
Import substitution strategies in the 24-Hour Economy: A catalyst for Ghana’s practical economic growth
7 minutes -
Chamber of Aquaculture urges President Mahama to nominate a Minister with agribusiness expertise
19 minutes -
Energy Minister-designate sets 6-months for ECG private sector involvement framework
20 minutes -
Mahama should scrap deputy ministerial position for tourism
24 minutes -
Global economy remains resilient, to grow by 3.2% in 2025 – OECD
41 minutes -
I’ll focus on the development of the real sector – Dr Ato Forson
44 minutes -
Energy sector debt has ballooned to $3bn – John Jinapor
46 minutes -
Businesses to see tax reliefs as Ato Forson promises VAT reforms
48 minutes -
PUWU reaffirms opposition to ECG privatisation
54 minutes -
Bond market: Secondary trade activity falls to GH¢403m
58 minutes -
NHIA commends Mahama for promising to uncap NHIS levy
1 hour -
TECNO named among 2024-2025 Top 10 Smartphone Brands, wins Dual Product Innovation Awards at CES 2025
1 hour -
Star Assurance kick-starts 40th anniversary with ’40 Reasons to Smile’ launch
1 hour -
Private sector participation crucial in power distribution – Jinapor
1 hour -
Disclaimer: Gwira Traditional Council rejects purported coronation of new Paramount Chief
1 hour