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Mid-year Budget Review: Reduce taxes on fuel – COPEC

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The Monitoring and Evaluation Officer at the Chamber of Petroleum Consumers (COPEC) has called on the Minister for Finance, Ken Ofori Atta to take the opportunity the mid-year budget review presents to remove some of the taxes on the petroleum price buildup.

He said this when he spoke on A1 Radio’s Day Break Upper Show today, Monday, July 25, 2022.

“We hope that government will reduce the price component on the price buildup; at least take one or two taxes to ease the burden of Ghanaians. If you look at what is going on in the international market, taking into account the Russia-Ukraine war, we hope that if the government is able to take off one or two taxes on the price buildup, it will lessen the burden on Ghanaians.”

“It will also take off the pressure from the government so that the increasing rate at which we are seeing the price go up will either stabilise or reduce,” he said.

The taxes that COPEC expects government to scrap include, the Price Stabilisation and Recovery Levy (PSRL), Price Marker Margin, Sanitation Levy and BOST Margin.

Mr. Addae also called on government to through the statement announce the plans for the resuscitation of the Tema Oil Refinery (TOR).

Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana

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