• Latest
  • Trending
GH¢1 Petroleum Levy: Time to impose petroleum levy is now-Jinapor

GH¢1 Petroleum Levy: Time to impose petroleum levy is now-Jinapor

June 4, 2025
Police intercept trucks carrying 150 sacks of suspected indian hemp in Eastern Region

Police intercept trucks carrying 150 sacks of suspected indian hemp in Eastern Region

June 14, 2025
GRA postpones implementation of new energy sector levies

GRA postpones implementation of new energy sector levies

June 15, 2025
GES directs Volta region schools to participate in Regional Clean-Up Exercise on June 19

GES directs Volta region schools to participate in Regional Clean-Up Exercise on June 19

June 15, 2025
Police raid in Gomoa Dominase leads to the arrest of 19 suspects in connection with drug trade and robbery

Police raid in Gomoa Dominase leads to the arrest of 19 suspects in connection with drug trade and robbery

June 15, 2025
Happy98.9FM Celebrate fathers with PAPA Y3 HERO activation

Happy98.9FM Celebrate fathers with PAPA Y3 HERO activation

June 13, 2025
No country runs a 24-Hour Economy Policy; It's just a political gimmick – Dr. Wolarnyo Mensah

No country runs a 24-Hour Economy Policy; It’s just a political gimmick – Dr. Wolarnyo Mensah

June 13, 2025
UN General Assembly votes overwhelmingly in favour of immediate ceasefire in Gaza

UN General Assembly votes overwhelmingly in favour of immediate ceasefire in Gaza

June 13, 2025
12 invigilators, 1 supervisor among 16 arrested for malpractice in 2025 BECE- WAEC reveals

12 invigilators, 1 supervisor among 16 arrested for malpractice in 2025 BECE- WAEC reveals

June 13, 2025
Nigeria: Ethnic Groups set in uproar after Tinubu extends posthumous pardon to Ogoni Nine

Nigeria: Ethnic Groups set in uproar after Tinubu extends posthumous pardon to Ogoni Nine

June 13, 2025
This government will not sideline traditional leaders- Mahama assures Yaa Naa

This government will not sideline traditional leaders- Mahama assures Yaa Naa

June 13, 2025
GNFS denies alleged attempt to set Nkawkaw fire tender ablaze

GNFS denies alleged attempt to set Nkawkaw fire tender ablaze

June 13, 2025
Gov't to train Over 5,000 youth in Northern Region under apprenticeship programme - President Mahama

Gov’t to train Over 5,000 youth in Northern Region under apprenticeship programme – President Mahama

June 13, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

GH¢1 Petroleum Levy: Time to impose petroleum levy is now-Jinapor

in News, Top Story
GH¢1 Petroleum Levy: Time to impose petroleum levy is now-Jinapor

GH¢1 Petroleum Levy: Time to impose petroleum levy is now-Jinapor

Share on FacebookShare on TwitterShare on Whatsapp

Minister for Energy and Green Transition John Jinapor has defended the newly approved GH¢1 petroleum levy policy as a prudent fiscal intervention necessary to stabilize the country’s energy sector.

Jinapor explained that the government had refrained from introducing the levy earlier due to the high cost of petroleum products at the time.

Speaking in an interview, he noted that fuel prices had previously hovered around GH¢16.00 per litre, making additional charges too burdensome for consumers.

However, recent government interventions have reduced fuel prices to approximately GH¢13.00 per litre, creating what he described as a reasonable window to introduce the levy.

“Fuel was around GH¢16.00, and a sensitive government will not slap a tax when fuel is GH¢16.00. You couldn’t have imposed that tax around that time when fuel was still very high, and so you needed to work to bring fuel down to this level and share the gain with Ghanaians.”

Parliament approved the levy on Tuesday, June 3, despite strong opposition from New Patriotic Party (NPP) Members of Parliament, who criticized the measure as an unnecessary burden on consumers.

The levy is expected to generate between GH¢5 billion and GH¢6 billion, with the revenue earmarked for critical infrastructural and operational needs within the energy sector.

Despite the backlash, Jinapor maintained that the levy is essential for ensuring consistent fuel supply and long-term sustainability.

He reassured Ghanaians that the government remains committed to transparency and accountability in the utilization of the funds, urging citizens to view the measure as an investment in national development.

Tags: DumsorGH¢1 Petroleum LevyJohn Jinapor

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

National Economic Dialogue Committee to present its final report today

Next Post

GRNMA Strike: Nurses Halt Emergency, OPD Services in Kumasi—patients stranded

Next Post

GRNMA Strike: Nurses Halt Emergency, OPD Services in Kumasi—patients stranded

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Police intercept trucks carrying 150 sacks of suspected indian hemp in Eastern Region
  • GRA postpones implementation of new energy sector levies
  • GES directs Volta region schools to participate in Regional Clean-Up Exercise on June 19
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.