
Audio By Carbonatix
Minister for Energy and Green Transition, John Jinapor has disclosed that the ministry is having a series of engagements with the Finance Minister to take a decision on some taxes, including the one cedi levy on petroleum products.
There have been calls for government to remove some taxes on petroleum prices at the pumps due to the war in the Middle East, which has affected global crude prices. Mr. Jinapor assured that a decision will soon be announced when all consultations are completed.
Speaking at the launch of the Chamber Oil Marketing Companies, Safety Week Celebration in Accra, Mr. Jinapor said government’s outmost priority is to ensure availability of petroleum products in the country and make it affordable to consumers.
“We have three key priorities as a government in this current situation we’re facing, and the most important is getting the products available into the market. We believe that if we’re able to get the products, then we can talk about pricing but the most important is to get the product into the market”, he said.
He announced that the Ministry of Energy is working with the Finance Minister to determine the levies and taxes that can be reviewed.
“We are having a lot of deliberations and I’ve engaged the Minister of Finance for a solution where some even proposed removal of taxes on the products. It’s a nice idea but we should also bear in mind that some sectors of the economy will have to sacrifice so that we can still get some revenues and improve our fiscal standing” he cautioned.
The concerns of fuel availability grows across the country after the tension in the Middle East intensified in March 2026.
Although government has announced adequate supply of petroleum products, many consumers are advocating for a review of some taxes in order to make the products affordable.
The Chief Executive of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong told journalists that sector players are committed to supporting government in reviewing taxes on petroleum products.
Latest Stories
-
‘We haven’t received any resignation letter from Carlos Queiroz’ — Sports Minister reveals
26 minutes -
Gov’t to revive annual school sports as part of football development strategy — Kofi Adams
55 minutes -
CSOs raise alarm over revocation of civilian firearm licences, warn of administrative gaps in implementation
1 hour -
Government creating opportunities for youth to curb drug abuse – Julius Debrah
1 hour -
Chief of Staff calls for united action against drug abuse
1 hour -
MPs should join upcoming national general cleaning exercise — John Oti Bless
1 hour -
Asunafo North Municipal Assembly prosecutes sanitation offenders to deter others
1 hour -
GhIE congratulates Ing Rev. Prof. Charles Anum Adams on election as WAFEO president-elect
1 hour -
Police arrest convicted fraudster Eric Afoakwa while attempting to leave Ghana
2 hours -
Only court orders can override constitutional safeguards in arrests – Justice Abdulai
2 hours -
I never stopped anyone from travelling as AG – Dame condemns arrest of former NAFCO CEO
3 hours -
I’ll choose a stepfather any day; a stepfather shaped the man I am today – Konnected Minds founder
3 hours -
Parents should sue WAEC over examination leakages – Prof. Antwi
3 hours -
School admissions should be based on merit, not protocol – Prof. Opoku Antwi
3 hours -
When the waters recede, public health must lead
3 hours