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Fuel price hike: Cut powers of Finance Minister to impose taxes – COPEC

The Executive Secretary of the Chamber of Petroleum Consumers, Ghana (COPEC) has called on Ghanaians to put pressure on Parliament to enact a law to curtail the powers of the Finance minister to impose unnecessary taxes on the petroleum sector.

Mr. Duncan Amoah – Executive Director : COPEC

Mr Amoah said the continuous increase in petroleum products and the imposition of unnecessary taxes over the years has been frustrating.

According to him, there is the need for the powers of the finance minister to impose unnecessary taxes in the petroleum sector to be curtailed.

 In support of calls by commercial transport operators for the taxes on fuel prices to be removed for the downwards reduction in the price of fuel.

Finance Minister, Ken Ofori Atta

He said only last year, the finance minister imposed two taxes, including “Borla” tax on petrol adding these unnecessary taxes on petrol pricing in the country has contributed to the cost build-up on the commodity.

The “unnecessary” taxes if removed, he said, will save Ghanaians on spending their savings on fuel.

He argued that what must be done to make the price of petrol stable in the country is to curtail the Finance Minister’s powers to impose taxes on the product.

Author | Naa Anyema Collison

About Naa Anyema Collison

A broadcast journalist who has an interest in financial happenings in the world of business. Currently the face of AM News Host of Kids House Business Desk @Adoa Television

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