Alhaji Ibrahim Bashiru, the former Deputy CEO of the Youth Employment Agency, has labelled the John Mahama government’s plans to cut fuel tax as “settings”.
The NPP argued that the Global oil prices have already plummeted on Tuesday due to President Donald Trump’s agreement to a two-week ceasefire with Iran.
Alhaji Ibrahim Bashiru hinted that the NDC government is planning to take credit for the fact that global oil prices have already plummeted, suggesting that if the government had wanted to cushion Ghanaians, they could have done so a long time ago.
He, however, commended the government for taking that decision.
Speaking on New Day on TV3, Alhaji Ibrahim Bashiru stated, “I will commend the government for taking that decision. But as it stands now, we don’t even know which taxes they are going to take out.”
“It’s difficult for us to have sound arguments. We cannot say whether it will be 5%, 2%, or even 20%,” he added.
However, the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has said some fuel taxes are not only a nuisance but have outlived their sunset.
Duncan Amoah welcomed the government’s decision to scrap some taxes on petroleum products, adding that the decision is timely and necessary and will cushion consumers.
According to Duncan Amoah, the Chamber is ready to engage with the relevant ministries to ensure that any policy decisions deliver meaningful relief to consumers.
Speaking in an interview with Citi News, Duncan Amoah explained, “Effective immediately, we would begin whatever discussions with the two ministries concerned to give our perspectives, particularly on some of the taxes that we believe have not only become a nuisance but have clearly outlived even their sunset uses.
“I believe that these tax conversations should not only be because of the Iranian-American-Israeli conflict situation that has seen fuel prices inch up to the levels they are.
“But it is something that clearly ought to have been done long ago. But we are happy nonetheless that Mr President has given these directives that the ministries concerned should discuss and see how best they can rationalise some of the taxes and take out some of the taxes also to give some ease to the Ghanaian consumer.”
His comment follows: President John Dramani Mahama has ordered the Finance and Energy ministries to take urgent measures to cushion Ghanaians from the impact of rising fuel prices, linked to tensions involving Iran, Israel, and the United States.
On Thursday, April 9, following an emergency Cabinet meeting after President John Mahama’s return from an official trip to France, the decision was made.
In a post shared on X, Minister of State in charge of Government Communications, Felix Kwakye Ofosu wrote, “OUTCOMES of EMERGENCY Cabinet Session on fuel price.
1. Ministers of Finance and Energy directed by the Cabinet to ensure a reduction in fuel price in the next pricing window through the SUSPENSION of some taxes and margins( said taxes and margins to be announced at the next pricing window).
This is to last for four weeks and is subject to review based on the evolving situation in the Middle East conflict and movements in crude oil prices.
3. ALL MINISTERS and SENIOR GOVERNMENT APPOINTEES to adhere STRICTLY to the President’s directive on cancellation of fuel allocations and allowance”.
The move comes following an earlier promise by John Dramani Mahama that the government is prepared to shield Ghanaians from rising fuel costs.
Mahama disclosed that his government will roll out targeted measures to protect consumers if rising global oil prices begin to significantly impact domestic fuel costs.