Audio By Carbonatix
Associate Professor at the University of Ghana, Professor Eric Osei-Assibey, has called for a review of levies imposed on LPG and other petroleum products.
Speaking during Monday's edition of JoyFM's Super Morning show, the Professor noted that some of the levies are mere duplications of already existing ones.
"As a country, I think the time has come for us to look at some of the taxes that have been imposed on LPG and petroleum prices because in my minded view, some of them are just a repetition of the same levy."
He cites for instance, "the LPG build up price, the Energy sector recovery levy and the Energy debt recovery levy are all levies talking about the same thing."
The topic for discussion was the current state of the economy and how Ghanaians are coping.
Professor Eric Osei-Assibey also noted that the kind of taxes being imposed by the Akufo-Addo led administration are regressive.
“For example, the levies or the taxes that have been imposed. Many of it, in my view are quite regressive. Especially when you over concentrate on VAT, you’d realize that it’s the poor that ends up paying more within the big cities," he said.
He further noted that the regressive nature of the new levies and taxes imposed is taking a toll on the already meagre incomes of the ordinary Ghanaian.
This situation, if not addressed, he said, will in turn, widen the inequality gap and result in people complaining in the process.
Latest Stories
-
Breaking borders, building futures: How African-led AI is rewriting the rules of global innovation
46 minutes -
Guinea orders dissolution of 40 political parties, including three main opposition groups
53 minutes -
Iran Embassy in Ghana opens Book of condolence after death of Supreme leader in US-Israel attacks
3 hours -
GPL 2025/26: Vision FC cruise past Berekum Chelsea with emphatic 3–1 win
3 hours -
GPL 2025/26: Samartex held by Dreams FC as winless run extends to five
3 hours -
New Juaben North MP challenges gov’t to provide evidence of jobs created and cheap loans
4 hours -
Nadowli-Kaleo District marks 69th Independence Day with cultural exhibition, academic awards
4 hours -
Confusion, tension rock NPP polling station registration exercise in Tarkwa-Nsuaem
5 hours -
Burger King opens first Kumasi branch in Ahodwo
5 hours -
Burma Camp Tennis Club hosts successful 12th Ghana–Nigeria Independence Day Tennis Tournament
5 hours -
Rights, justice and action for all women and girls must include women and girls with disabilities
5 hours -
The Lover and the Fighter: China, the west, and Africa’s geopolitical awakening
6 hours -
UCC student dies in tragic road accident on campus
6 hours -
Health Ministry establishes committee to probe death of hit-and-run victim
6 hours -
RTI Commission, NACOC explore collaboration to promote transparency and accountability
6 hours
