The Chamber of Petroleum Consumers Ghana (COPECGH) has noted that prices of petroleum products in the country will remain fairly stable. A statement signed by Duncan Amoah, Executive Secretary, COPECGH said: “The start of the second pricing window for the month of February, which begun on the 16th of February has been met with mixed … Read more
The Chamber of Petroleum Consumers Ghana (COPEC-GH) has asked Oil Marketing Companies (OMCs) operating in the country to review their pump prices downwards in the interest of the public. According to COPEC-GH, a net reduction of between 3 and 8 percent by the OMCs would be deemed fair and reasonable considering the fact that “world … Read more
The Executive Council of the Chamber of Petroleum Consumers Ghana (COPEC) has raised questions about which institutions are benefitting from the 17.5 per cent Value Added Tax (VAT) imposed on petroleum products. The new Energy Sector Levy Act passed in 2015 imposed seven taxes on petroleum at the pump including VAT. However, with the exception … Read more