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Mid-year Budget Statement: COPEC disapointed gov’t didn’t reduce taxes on pretroluem products

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The Chamber for Petroleum Consumers (COPEC) Ghana is disappointed that the government did not take the opportunity the Mid-year Budget Statement reading presented to reduce some of the taxes and levies on the petroleum products price buildup.

It would be recalled that the Monitoring and Evaluation Officer at the Chamber of Petroleum Consumers (COPEC) 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.”

Speaking on the Day Break Upper East Show today, Tuesday, July 26, 2022, Mr. Addae could not hide his disappointment.

“My expectations were not met yesterday. What this means is that government is still not doing much to help bring the prices of petrol and diesel down. Now, the government’s hope is that international geopolitics would cause international prices to reduce. If that does not happen, then that will mean the government has nothing to do to help bring down the prices of petrol [and diesel].”

“What we should expect is that, if the international geopolitics should continue, then we should be expecting to pay higher than we are buying today,” he said.

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

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