The Ministry of Finance yesterday laid a Special Petroleum Tax (Amendment) Bill, 2018 that seeks to reduce the Special Petroleum Tax of 15 percent to 13 percent to help reduce the prices of petroleum, which in recent times, have seen upward adjustment.
The Special Petroleum Tax Bill was introduced by the immediate past National Democratic Congress (NDC) government in 2016 to shore up revenues generated from fuel prices when crude oil prices were low.
The new bill to reduce the tax was laid in parliament by a deputy Minister of Finance, Kwaku Kwarteng and referred to the Finance Committee of Parliament for consideration.
The Finance Committee is also expected to report back to plenary for general consideration and approval.
As soon as the new bill was laid, members of the Minority NDC said it was only a window dressing to addressing the high prices of petroleum products and that the tax ought to be completely scrapped for Ghanaians to have respite.
The deputy minister however told the press after laying the new bill that the NDC MPs introduced that tax when they were in government.
According to him, the initial tax was 17.5 percent when it was introduced but was later reduced to 15 percent by the NPP government.
He said that the new rate is fixed and that any further increase in fuel prices will not affect the rate to help cushion consumers.
He said as a listening government, the NPP has heard the cries of Ghanaians about the high cost of fuel and would take further steps to help lessen the plight of Ghanaians.
Source: Daily Guide
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John Ford Mahama appointed people to positions and even ordered cars for the presidency when he was about to leave office...... Why did he not scrap this tax before exiting office? NDC are now complaining because they are not getting free fuel and also buying it as the rest of us so they are crying foul over this tax they introduced. Hypocrate NDC will remain in opposition forever.
what at all is wrong with this ndc ple. some times i think it is stup1>di.ty and other times i think it is ***barred word***.ishn3ss but just dont know what at other times. i need more words to describe these ed10>ts. they introduced the tax when they were in govt but want the current govt to scrap it. is that f000li>sh?
In fact this gov't is very sensitive to the plight of Ghanaians.It's a listening gov't.A gov't the moment his people say no we don't want this then he quickly acts is a good one.
INDEED, THE NPP GOVERNMENT IS A LISTENING GOVERNMENT. THEY QUICKLY RESPONDED TO THE CRIES OF GHANAIANS OVER THE HIKES IN FUEL COST BY REDUCING THE SPECIAL PETROLEUM TAX RATE FROM 15% TO 13% AND WILL NEVER GO UP REGARDLESS OF INCREASE IN FUEL PRICES. GHANA IS PROGRESSIVELY WORKING!!!
The people who strongly defended the tax and argued that it cannot be reduced, are now the same people calling for its removal! These politicians are just sh!th0les
THIS IS A GOOD MOVE.YOU ARE A LISTEN GOVERNMENT INDEED.LONG LIVE GHANA,LONG NPP.
mr. minister, we need total scrapping of the bogus tax introduced by the previous bogus govt. you and your govt criticized this tax when in opposition and even called it a nuisance tax. why do you still keep such a tax to kill Ghanaians? Ghanaians need a total quashing of this tax.