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Fuel Hikes: Gov’t Reportedly Agrees to Scrap Some Taxes On Petroleum Products
Government has reportedly agreed to scrap off some taxes on petroleum products as a way of dealing with incessant increase in fuel prices largely caused by rising crude prices on the International market and a depreciating cedi against major currencies.
The supposed government decision comes on the back of engagements with key groups and associations which threatened to embark on a demonstration over the hikes in fuel prices.
Key among the groups engaged are the Concerned Drivers Association and the Chamber of Petroleum Consumers of Ghana (COPEC).
The taxes tabled to be removed include the Bost margin levy, Sanitation and petroleum levy, Price Stabilization Levy, Special Petroleum tax and the Energy Debt Recovery Levy.
The Public Relations Officer of the Concerned Drivers Association of Ghana, David Agboado, in an interview with Citi News after the meeting said the levies are to be removed by close of today, Tuesday, March 22, 2022.
“The outcome is very simple. Government has agreed to scrap the taxes, and has assured that by close of Tuesday, we will hear the good news.”
“Well, if by the time given, government doesn’t do as it has said, we will go ahead with our demonstration.”
