Audio By Carbonatix
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Mr Duncan Amoah, has expressed strong reservations about the newly introduced GH¢1 fuel levy, stating that taxation is not the solution to the long-standing challenges in the country's energy sector.
Speaking on JoyNews’ AM Show on Wednesday, June 3, Mr Amoah criticised the government's approach, arguing that the levy is not the right mechanism to solve the problems of the energy sector.
"I will not be convinced that just coming to collect money at the pump any further gives you a solution on its own," he said.
According to him, despite the accumulation of funds through the Energy Sector Levy Act (ESLA) over the years, key issues such as power generation shortfalls, mounting debts, and operational inefficiencies persist.
"In 2016, when we went to Parliament to ask for ESLA, these were the very excuses we had, these were the very justifications they had put forward to the extent that there is a debt that we need to pay to make the sector more efficient, collection of ESLA for ten years, whatever we have applied it to has demonstrated that, the collection alone or taxing of the people cannot resolve the challenges you have," he said.
Mr Amoah urged the government to explore reforms that prioritise transparency, accountability, and efficiency in energy management rather than imposing new taxes.
"If you want to resolve the issues in the energy sector, I do not believe that merely collecting money will resolve it, otherwise, we would have resolved it within the past ten years. We wouldn't be here at all," he argued.
The GH¢1 Energy Sector Recovery Levy, which was approved by Parliament on Tuesday, June 3, was announced by the Energy Minister, John Jinapor, as part of measures to stabilise and strengthen the energy sector.
Read Also: This is the right time to impose Gh¢1.00 fuel levy – John Jinapor
Latest Stories
-
Judge extends White House access for CNN, MS NOW, Politico amid legal fight
6 minutes -
EU expands migration cooperation with eastern Libya through new funding
14 minutes -
Actress Selma Blair faces charges for kicking nurse and officer after plane incident
23 minutes -
Private political loyalties deserve scrutiny too in EC appointments – Osae-Kwapong
32 minutes -
EC safeguards must check partisan bias among commissioners – Osae-Kwapong
50 minutes -
Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
1 hour -
Zimbabwean author denies using AI to write award-winning story
1 hour -
Bank of America hit with $1.2bn fine for money laundering failings
1 hour -
Robot seized by German police after allegedly groping teenage girl
2 hours -
Subject EC appointment to ‘Akufo-Addo test’ – Kwapong
2 hours -
English football’s independent regulator would quit over Man City interference
2 hours -
Anthropic seeks rehearing of case over Pentagon’s security risk branding
2 hours -
Torrential rains in Libya’s Tripoli kill two
2 hours -
Guinea-Bissau says it has not approved hepatitis B vaccine trial in newborns
3 hours -
US Supreme Court to hear asylum fight involving Nigerian cook
3 hours