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Tell us the impact of newly introduced taxes – Prof Quartey
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Economy grows 3 1% despite pandemic - The Business & Financial Times
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History is replete with all manner of politicians who created a cause célèbre (a controversial issue that attracts a great deal of public attention), and then rode it like a rampaging horse to political power. And history is similarly replete with politicians who gifted their opponents the cause célèbre with which to take them out of power. One such cause célèbre seems to have cropped up naturally (unnaturally?) around the “Fix the Country” campaign, and its counter-campaigners, on the recently introduced tax increases in Ghana, which has led to increments in petroleum products and telecommunication services. The ‘Fix the Country’ campaigners insist that these measures are causing too much hardship. The government recently imposed taxes on petroleum and communication services to pay for the cost of fighting Covid-19 pandemic.
Moses Asaga criticises govt for new tax policy
May 6, 2021
A former Chief Executive Officer of the National Petroleum Authority (NPA), Moses Asaga, has criticised the government for introducing new tax policies in the 2021 budget statement.
“It will be unfair for consumers to pay more for fuel as a result of the new taxes and there should be an alternative way of raising more funds,” he said.
Three of the new taxes which took effect on May 1, 2021, are as a result of the imposition of an Energy Sector Recovery Levy of 20 pesewas per litre on petrol/diesel, 18 pesewas per kg on Liquefied Petroleum Gas (LPG) and a Sanitation and Pollution Levy of 10 pesewas per litre of petrol and diesel.
Fix power sector debt accumulation to avoid persistent increase in petroleum taxes - ACEP advices gov’t
By Eric Nana Yaw Kwafo Listen to article
The Africa Centre for Energy Policy (ACEP) has advised government to urgently fix the debt accumulation in the power sector to avoid the persistent increase in petroleum taxes.
This advice follows the recent increase in levies on petroleum products by Gh30pesewas in the national budget.
A statement from the National Petroleum Authority (NPA) last month to industry players indicated an increment of Ghc47pesewas per litre on petrol and diesel.
In the communique, the NPA disclosed that the increase is as a result of the Introduction of Sanitation and Pollution Levy of GHP10 per litre on petrol/diesel and a further adjustment of the Energy Sector Recovery Levy by GHP20, as well as the increase in some margins on petroleum products
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