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Business News Tue, 2 Jul 2019

Remove taxes on LPG now – Marketing Companies

The liquefied Petroleum Gas Marketing Companies Association has called on government to as a matter of urgency remove all taxes on the Liquified Petroleum Gas.

In a statement by the Association said: "We note with grave concern that the product which used to be subsidized has its price build-up been constituted of more than 23% taxes now. For example, in 2015 a typical 14.5kg LPG cylinder cost about GHC48 and a bag of charcoal then was also GH?40 whilst the bag of charcoal is now 45 cedis the same 14.5kg LPG cost 80 cedis. This is clearly in breach of the policy decision that influenced the introduction of and the push for the utilization of LPG: to replace wood and other unhealthy fuel alternatives.”

According to the Marketing companies, it’s not farfetched to conclude that low income homes have been priced-out of the LPG market resulting in the massive decline in the use of the product.

“It is our contention that the removal of taxes will significantly bring down the cost of the LPG and make it possible for the ordinary Ghanaian to afford it. That is why we are calling upon the government to act immediately in the interest of the Ghanaian people it swore to protect and help progress,” the statement said.

Source: kasapafmonline.com
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