The Minority in Parliament has expressed support for government’s decision to reduce certain taxes and levies on petroleum products, but is insisting on transparency regarding the use of proceeds from the GH¢1 fuel levy.
According to a report monitored by ShineMeGh.com, the intervention comes at a time of increasing global fuel prices, largely driven by geopolitical tensions in the Middle East.
The Deputy Ranking Member on Parliament’s Energy Committee, Collins Adomako Mensah, described the decision as a positive step toward easing the burden on Ghanaians.
However, he noted that key details about the policy remain unclear, including which specific taxes or levies will be reduced or suspended.
While welcoming the initiative, he emphasized that the Minority supports any effort aimed at cushioning citizens from rising fuel costs.
Despite endorsing the measure, Mr Adomako Mensah raised concerns about the GH¢1 fuel levy, which was introduced to support Ghana’s energy sector.
He pointed out that existing legislation requires government to provide a detailed account of how much has been collected from the levy and how the funds have been utilized.
According to him, government was expected to present a report to Parliament by March 31 outlining the total revenue generated and its application.
He indicated that this requirement has not yet been fulfilled, leaving Parliament and the public without clarity on the status of the fund.
“We are not certain how much has been accrued or how it has been used,” he noted, stressing the need for accountability.
The Minority is therefore urging government to comply with its legal obligation by presenting a full report to Parliament.
They argue that transparency in the management of the levy is essential to maintaining public trust, especially as new measures are introduced to manage fuel prices.
Government’s decision to reduce fuel-related taxes is expected to be implemented for an initial four-week period, after which it will be reviewed depending on market conditions.
As the policy takes effect, stakeholders say both relief measures and accountability will be key to ensuring public confidence in the management of the energy sector.
Story by: Philip Kendriz Elikem
