Former Petroleum Minister Emmanuel Armah Kofi Buah has asked government to scrap the special petroleum tax with immediate effect. “I think it is important that in the face of the numerous taxes, the special petroleum tax must be removed with immediate effect,” he told TV3’s parliamentary correspondent, Evelyn Tengmaa. Mr. Buah who is the Member … Read more
The Chamber of Petroleum Consumers (COPEC) has threatened to hold a nationwide demonstration against the government if it fails to reduce petroleum prices within a week. COPEC made this known Wednesday, February 7, 2018 after a protest that saw a swarm of people converge to demand fuel price reduction. A litre of petrol currently sells … Read more
A new tax regime came into effect from March 31, 2017, following the amendment of some tax laws. Changes to the tax system follows the repeal of the Customs and Excise (Petroleum Taxes and Petroleum Related Levies) Act of 2005, Act 685, and amendment of the Special Petroleum Tax Act, 2014 (Act 879). Following the … Read more
Alhaji Collins Dauda, Member of Parliament for the Asutifi South has stated that the government of the New Patriotic Party had a duty to reduce the prices of petroleum products following the amendment of the legislation relating to levies in the industry. His request follows Parliament’s approval of four amendment Bills to scrap taxes as … Read more
Finance Minister, Ken Ofori-Atta, has submitted to Parliament Tuesday amendment bills of some laws to allow for government’s tax cuts. The bills include the Income Tax (Amendment), Special Petroleum Tax (Amendment), Special Import Levy (Amendment), and a repeal of the Custom and Excise (Petroleum Taxes and Petroleum Related Levies). The government on March 2 announced … Read more
The Chamber of Petroleum Consumers (COPECGH) has charged relevant authorities in the country to ensure that unreasonable fuel price increments are curtailed. According to a press release signed and released by the Executive Secretary of COPECGH, Duncan Amoah, “The current spate of fuel price increases is simply unsustainable and must be a top priority for … Read more
The Financed Minister Ken Ofori Atta has announced major tax cuts in government’s first budget presented to Parliament today, Thursday March 2. The tax cuts are in fulfilment of promises made by the Akufo-Addo-led government ahead of the 2016 elections. In some cases the government has completely abolished some taxes introduced by the previous Mahama … Read more
The New Patriotic Party (NPP) government must reduce taxes and other levies on petroleum in order to cushion consumers from the rising cost of fuel, the Chamber of Petroleum Consumers-Ghana (COPEC-GH) has admonished. The Chamber’s call comes in the wake of fuel price increments by some Oil Marketing Companies (OMCs) of between two and 10 … Read more
The Chamber of Petroleum Consumers (COPEC) has called on government to review the special petroleum tax levy. This they say will clamp down on the constant increase of fuel prices. Prices of some petroleum products went up by between 8 and 11 percent for the first pricing window in January, with many describing the development … Read more
The Chamber of Petroleum Consumers(COPEC) has called on government to review the special petroleum tax levy. This they say will clamp down on the constant increase of fuel prices. Prices of some petroleum products went up by between 8 and 11 percent for the first pricing window in January, with many describing the development as … Read more