Power Analyst, Kwadwo Poku, has accused the federal government of deceptive Ghanaians over the true value of the just lately accepted petroleum levy, stating that the precise determine is GH¢2.00 per litre, not the GH¢1.00 that has been publicly communicated.
Talking on JoyNews’ AM Present, Mr Poku defined that the mixed affect of present and new levies provides as much as nearly GH¢2.00 on every litre of petrol and diesel.
“The federal government is accumulating GH¢2, not GH¢1. In accordance with the price range, that they had already launched 95 pesewas. With this new addition, the full levy is ¢1.95 on petrol and ¢1.93 on diesel,” he mentioned.
He cautioned that this improve might end result within the authorities elevating over one billion {dollars} yearly from petroleum taxes alone, additional deepening the monetary burden on shoppers.
“You need Ghanaians to pay an additional one billion cedis yearly by means of petroleum taxes, but we’re already burdened with excessive electrical energy payments,” Mr Poku lamented.
The vitality analyst additionally took goal on the Ministry of Finance, criticising what he described as poor fiscal planning and unrealistic budgetary assumptions.
“There seems to be an issue on the Ministry of Finance. When the Minister learn the price range, he clearly knew the projections had been primarily based on an change charge of 15.4. Now, with a 30% income shortfall, the federal government is scrambling for money.”
Mr Poku additional questioned the Certificates of Urgency used to push the levy by means of Parliament, claiming it had nothing to do with addressing vitality sector considerations.
“This has nothing to do with the vitality sector. It’s merely the federal government taxing Ghanaians to fund its price range. We should not permit this to be framed as an energy-sector dialog,” he argued.
The federal government’s imposition of the levy has elicited combined reactions from civil society, trade specialists, and most of the people, lots of whom are already grappling with excessive residing prices and elevated utility tariffs.
Learn Additionally: This is the right time to impose Gh¢1.00 fuel levy – John Jinapor
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