The government, through the Ministry of Energy and Green Transition, has indicated that it is consulting key stakeholders to assess calls for a reduction or removal of taxes on petroleum products amid growing concerns over rising fuel prices.
Pressure for a review has intensified in recent weeks, with the Minority in Parliament, transport unions, and other interest groups arguing that fuel levies are pushing up transport fares and increasing the cost of living. These groups are calling for the taxes to be scrapped to ease the burden on consumers.
Speaking during this year’s COMAC Safety Week, John Abdulai Jinapor, the Minister of Energy and Green Transition, confirmed that discussions are ongoing with the Finance Ministry and other relevant bodies to evaluate both the taxes and the concerns raised.
He emphasized that while the government is open to adjustments, any decision must balance short-term relief for the public with long-term economic stability.
“We are committed to reviewing the levies and ensuring that the price stays stable. We should not take short-term economic decisions that will hurt the ordinary Ghanaian in the long term. That is not prudent economic management. Whatever cushion we can give Ghanaians in terms of petroleum prices, let us do that,” Jinapor stated.
