
Audio By Carbonatix
A research think tank, Development Data, says it expects the National Petroleum Authority to announce new petroleum prices as soon as possible after a court declared as illegal one of the levies imposed on the product.Development Data raised objections to the ex-refinery differential levy soon after it was introduced saying its imposition was not transparent enough.An Accra Fast Track High Court yesterday ruled against the NPA after it failed to appear in court to state its defence.Leading fellow of Development Data, Kweku Kwarteng tells Joy Business the NPA must speed up the process of announcing the price reviews in order not to stand in contempt of court.“The plaintiff are expecting the NPA to announce new fuel prices minus the ex-refinery differential component,” he said.The price differential he said, ranges from GH¢1.00 to .40p per gallon on the various petroleum commodities.The court also ruled that all moneys collected from the ex refinery differential should be declared publicly and paid into the consolidated fund.Kweku Kwarteng, says Development Data will keep a close eye on the NPA to ensure it complies with the ruling.Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Anti-LGBTQ+ Bill: Ghanaians demand expedited passage, not dialogue – Ntim Fordjour to Mahama
2 minutes -
EU airline industry warns of fuel shortages if Strait of Hormuz stays closed
5 minutes -
White House staff told not to place bets on prediction markets
12 minutes -
Auctioneers petition Prez Mahama over ‘interference’ in public auctions
19 minutes -
GEA, Mastercard Foundation drive market access for MSMEs at Kwahu Business Forum
21 minutes -
Education Ministry begins review of Ghana Library Authority law
30 minutes -
Ghana U-15 girls clinch back-to-back CAF Schools titles
35 minutes -
Rev. Ntim Fordjour urges Mahama to issue directive to fast-track anti-LGBTQ+ bill
36 minutes -
GPL 2025/26: Stoppage-time penalty hands Aduana FC win over leaders GoldStars
39 minutes -
Ntim Fordjour rejects call for more dialogue, says anti-LGBTQ+ bill has faced a decade of debate and delay
41 minutes -
Catholic Bishops say moral values must match economic priorities in Anti-LGBTQ+ debate
1 hour -
IGP Yohuno urges merit and hard work ahead of Police Academy exams
1 hour -
Queendalyn Yurglee releases debut album ‘Clouds of Glory’
2 hours -
UDS moves to clear MPhil student wrongly linked to robbery case
2 hours -
Vodza Regatta 2026: Prof Audrey Gadzekpo rallies investors for coastal tourism growth
2 hours