Energy Expert calls for urgent review of Energy Sector Taxes
The Executive Director of the Center for Environmental Management and Sustainable Energy, Benjamin Nsiah, is calling on the government to urgently amend the country’s energy sector laws to reduce certain taxes and help cushion citizens against rising fuel costs. According to Mr. Nsiah, the move has become necessary as...
The Executive Director of the Center for Environmental Management and Sustainable Energy, Benjamin Nsiah, is calling on the government to urgently amend the country’s energy sector laws to reduce certain taxes and help cushion citizens against rising fuel costs.
According to Mr. Nsiah, the move has become necessary as global crude oil prices continue to rise, placing additional pressure on fuel prices in Ghana.
His call follows a recent adjustment by the National Petroleum Authority, which increased the fuel price floor for the March 16 pricing window.
Under the new rates, petrol is expected to sell at GH¢11.57 per litre, while diesel has been pegged at GH¢14.35 per litre.
Mr. Nsiah noted that increases in fuel prices have far-reaching effects on the economy, as they influence transportation costs, food prices and the overall cost of living.
He therefore urged the government to take swift action by reviewing some of the taxes within the energy sector to help reduce the burden on Ghanaians.