Unrefined petroleum costs flooded on Monday January 9, after China, one of the world's biggest economies opened its boundaries.
With China being one of the biggest shippers of unrefined petroleum, the re-opening of their boundaries prompted an expansion popular which pushed the costs of the unrefined petroleum from US$74.67 to US$79.47 per barrel.
With Ghana being both an exporter of unrefined petroleum and shipper of completed oil based goods, this is supposed to doubly affect the economy.
The ascent in the costs of the item is uplifting news for the public authority as this will assist with helping government income.
Then again, the ascent, combined with the new devaluation of the cedi is additionally expected to prompt expanded costs of completed oil based goods at the siphons which would come down on customers.
Most recent figures from the Bank of Ghana demonstrates that the dollar is presently selling at GH¢9,002 per dollar as at Friday January 6.
Fuel is as of now selling at GH¢12.40 per liter while diesel is selling for GH¢14.60