• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Sunday, February 5, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Taxes on fuel now ‘basically nothing’ – KT Hammond

Citi NewsroombyCiti Newsroom
November 4, 2022
Reading Time: 1 min read
KT Hammond

Adansi-Asokwa MP, K. T. Hammond

ShareShareShareShare

A member of the Mines and Energy Committee of Parliament, K.T. Hammond, has suggested that calls for the removal of some petroleum taxes to cushion consumers are no longer necessary.

Speaking to journalists in Parliament, Mr. Hammond, noted that the petroleum taxes are insignificant to warrant any removal.

“I remember sometime back when we were working these things and the percentage was close to over 40 and 50 percent… I was calling for reduction,” he said.

But now, he said, the taxes amounted to “basically nothing.”

Calls for the removal of taxes on fuel have died down in 2022 because of the extreme rises in the price of fuel products.

Observers have now narrowed in on calls for structural changes to address fuel price increases.

The Energy Fund Levy, the Sanitation and Pollution Levy, Price Stabilization and Recovery Levy, Energy Sector Levy, Special Petroleum Tax, Road Fund Levy, Energy Debt Recovery Levy, add up to about GH¢2.

This week, the price of diesel has shot up to over GH¢23 per litre while petrol is selling at almost GH¢18 per litre.

The Minority in Parliament on Wednesday urged the government to use part of its revenue accrued from oil resources to support consumers, considering the economic situation.

The Institute for Energy Security also reiterated the need for the government to revive the Tema Oil Refinery.

 

 

 

 

ShareTweetSendSend
Previous Post

Trip for two to Dubai, other prizes won in HD+ ‘Ɔrekɔdo Double Double’ draw

Next Post

Owirenkyiman Traditional Area celebrates Kantamanto Festival

Related Posts

Politics

Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

February 2, 2023
Opinion

Gold-for-oil policy; hidden taxes that may bite under the policy [Article]

January 23, 2023
Top Stories

Tax analyst proposes 10% levy on churches to fund National Cathedral

January 18, 2023
Fuel Pump, Gas Station, Gasoline. Colorful Petrol pump filling nozzles isolated on white background , Gas station in a service in warm sunset. Head fuel vehicle refueling facility in Asia
Oil and Gas

We’re not overpricing fuel products – Association of Oil Marketing Companies

January 17, 2023

Capping taxation not feasible – Ayine

January 6, 2023
Top Stories

We must limit govt from imposing more taxes – Ofosu-Dorte

January 5, 2023
Next Post

Owirenkyiman Traditional Area celebrates Kantamanto Festival

TOP STORIES

The Spelling Bee 2023: N’Adom Darko-Asare retains title in impressive style

February 4, 2023

Economic crisis affecting NPP’s campaign message for 2024 – Alan

February 4, 2023

Road Safety Authority advocates for dualisation of major roads to reduce crashes

February 4, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT