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Marketers of Liquefied Petroleum Gas Express Their Disappointment Over The Imposition Of New Tax

Marketers of Liquefied Petroleum Gas Express Their Disappointment Over The Imposition Of New Tax

Marketers of Liquefied Petroleum Gas in Ghana have indicated that, they are disappointed in the government's introduction of a new tax on the product.

The marketers say this recent development will have a negative effect on their business operations, and also worsen the financial constraints of costumers.

The Vice Chairman of the Liquefied Petroleum Gas Marketing Companies Association of Ghana, Mr. Gabriel Kumi made it known in an interview monitored by HOTENT that, the industry will be massively hit by the new tax levied, and this will compel the price of Liquified Petroleum Gas to rise even more.

He said he was highly disappointed, to say the least. Mr. Gabriel added that, he has always had the opinion that Ghanaians are paying a lot for LPG.

He said throughout Africa, he doesn’t know of any country that pays more than a dollar, for a kilogram of Liquefied Petroleum Gas.

However, in Ghana, customers are paying GH¢6.30 already, and with the introduction of this new tax, customers will have to pay GH¢6.48 for a kilo of LPG which he believes is too much, and harsh for the ordinary Ghanaian consumer to bear.

Mr. Gabriel said the newly imposed tax will not only cripple the LPG sector, it will also result in unemployment and create a lot of hardship for Ghanaian consumers.

 

The Ghana Revenue Authority (GRA) yesterday indicated that the announcement of taxes in the 2021 budget which includes the one levied on Liquified Petroleum Gas will take effect on Saturday, May 1, 2021.

The Energy Sector Recovery Levy, imposed at an amount of 20 Ghana 'pesewas' per liter of petrol/diesel, and 18 Ghana 'pesewas' per kilogram on Liquefied Petroleum Gas, has already raised controversies among some analysts, who indicate it will result in the general rise in price of goods.

Marketers of LPG following indications of the government's motive to impose taxes on the product, made a petition to the President Nana Akufo-Addo, over the issue, suggesting he reconsiders the decision.

Marketers of LPG also held meetings with the Ministry of Energy on the issue, but judging from the GRA’s statement, it is clear those meetings did not lead to anything positive.

Source: citinewsroom

Content created and supplied by: HOTENT (via Opera News )

Africa Gabriel Kumi Ghana Liquefied Petroleum Gas Liquefied Petroleum Gas Marketing Companies Association

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