Gov't to review fuel tax amid calls for relief from rising pump prices - John Jinapor
Government through the ministry of has indicated that it is consulting key stakeholders to examine mounting demands for a reduction or removal of taxes on petroleum products, as concerns grow over rising fuel prices.
Pressure for a review has been building in recent weeks, with the Minority in Parliament, transport unions, and other interest groups arguing that the levies are driving up transport fares and increasing the cost of living. They are calling for the taxes to be scrapped to ease the burden on consumers.
Speaking during this year’s COMAC Safety Week, John Abdulai Jinapor, Minister for Energy and Green Transition, said discussions are ongoing with the Finance Ministry and other relevant parties to evaluate the implications of the taxes and the concerns raised.
He explained that although the government is willing to consider adjustments, any decision must carefully balance short-term relief for the public with the need to maintain long-term economic stability.
“We are committed to reviewing the levies and ensuring that the price stays stable. We should not take short-term economic decisions that will hurt the ordinary Ghanaian in the long term. That is not prudent economic management. Whatever cushion we can give Ghanaians in terms of petroleum prices, let us do that,” he said.
Source: Classfmonline.com/Zita Okwang
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