The prudent Economic Management performance by the H.E Dr. Bawumia led Economic Management Team under the Nana Addo led NPP Government in stabilizing the Ghanaian Cedi continues unabated.
In view of this, the Institute for Energy Security (IES), has predicted a decline in the prices of Liquefied Petroleum Gas (LPG). The price of Liquefied Petroleum Gas (LPG) according to IES is expected to decline by roughly 5% in June. This follows the Ghana cedi’s strong performance on the domestic forex market during the last two weeks, and the drop in the price of LPG on the international market, though international prices of the liquid products shot up.
“Over the two-week trading period on the domestic forex market, the Ghana cedi gained 5.42% against the US dollar,” it stated.
According to the IES’ monitoring of several OMCs during the pricing window under evaluation, the national average price per litre for petrol and diesel is GH11.90, while LPG is around GHC13 per kilogram.
Ghanaians are optimistic this trend will continue in order to lesson the socio-economic burden on Ghanaians.
