The Chamber of Petroleum Consumers (COPEC) has issued a strong warning to the government to refrain from plans to introduce new taxes on petroleum products in the mid-year budget review.
The Finance Minister, Ken Ofori-Atta, is expected to present the Mid-year budget review to Parliament on July 25, 2023.
There are at least seven (7) taxes on fuel in Ghana. These include
Energy Fund Levy (1p)
Sanitation and Pollution Levy (10p)
Price Stabilization and Recovery Levy (16p)
Energy Sector Levy (20p)
Special Petroleum Tax (46p)
Covid-19 Levy
Recent taxes on petroleum products in Ghana are more than 40% in levies.
For every liter of petrol, you buy in Ghana, you pay ghc1.90pesewas as tax.
Prices for petroleum products in developing countries range between 22 and 30 percent.
COPEC says its sources have revealed that the government intends to impose new taxes on fuel, which is already unbearable for consumers.
Speaking to Ahotor News, the Executive Secretary of COPEC, Duncan Amoah, lamented that such an insensitive action would worsen the plight of Ghanaians.
Story by: Osei Akoto (Teacher Kojo) / Ahotoronline.com
