Amin Adam calls for review of fuel taxes as diesel prices remain above GH¢18
Former Finance Minister and Ranking Member on Parliament’s Finance Committee, Dr Mohammed Amin Adam, has called on the government to undertake a broader review of taxes and levies on petroleum products, arguing that the current temporary relief on diesel has not sufficiently reduced the burden on consumers.
Former Finance Minister Dr Mohammed Amin Adam has urged the government to conduct a comprehensive review of taxes and levies on petroleum products, as diesel prices remain above GH¢18. In a Facebook post on September 27, Dr Amin Adam noted that despite a GH¢2 intervention, diesel prices still ranged between GH¢17.55 and GH¢18.99.
The relief, he argued, was being offset by other factors such as a GH¢1-per-litre levy imposed by the government. Dr Amin Adam also cited recent increases in levies on fuel oil, which he said added to the financial burden on industries and power producers. He pointed out that the cedi's depreciation by 12% year-to-date had further contributed to the pressure at the pumps.
Dr Amin Adam called for a thorough review of petroleum taxes, particularly the recent tax increases, and urged the government to consider suspending or abolishing them to provide more relief to consumers, similar to measures taken by the previous NPP administration.
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