- The price of fuel is projected to go up in the coming days
- Energy think-tank, IES, believes this development is due to the fall in the Cedi
One of the major energy think tanks in Ghana is predicting of a possible rise in fuel prices in the coming days.
The Institute of Energy Security says that this is largely due to the continuous fall in the power of the cedi which subsequently has increased the cost of importing fuel.
Leading research consultant with the firm, Richmond Rockson says this development is likely to continue for quiet awhile.
Should his analysis be anything to go by, YEN can therefore project that road users are more likely to start paying more for petrol as transport fares are also likely to shoot up in the coming days.
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