Stop lazy approach of imposing new taxes; block revenue leakages instead – Gov’t told
Adnan Adams Mohammed
The government has been reminded to focus on sealing revenue leakages in the energy sector rather than to impose more taxes.
An energy expert has said the Ghana government and several
others on the continent losses billions of dollars to various illegal
activities such as fuel smuggling and tax evasion.
Chamber of Petroleum Consumers (COPEC), which has been
advocating for social protection policies to the average Ghanaian in the
upstream energy sector for some years now, if the call is adhered to, it will
help to protect the interest of the average Ghanaian since petroleum issues
have direct impact on everyone.
“Don’t let us get to another cycle of finance ministers
going to Parliament to say government needs revenue, so we are going to pass
new taxes, whereas revenue in billions of dollars, per the report you see in my
hand which we are yet to discuss, is being lost to the state on a day to day
basis”, Executive Secretary of COPEC, Duncan Amoah, said.
“We will commend Professor Stephen Addai and the board of
Ghana Revenue Authority (GRA) for this diligent job but as to whatever becomes
of us collecting whatever we deserve from the foreign oil companies, we should
activate them to collect those monies so that the state is not found in need of
revenues the trotro driver will not have to come and pay for”.
It has become the norm over the years that government
imposes taxes, especially on petroleum to raise revenue for the country.
In the events leading up to the 2016 Parliamentary and
Presidential election in Ghana, fuel prices became a topical issue in the
country especially when former Finance Minister Mr Seth Tekper presented the
2015 budget to Parliament, and introduced a Special Petroleum Tax (SPT) of 17.5
per cent in the 2015 fiscal year.
The then Finance Minister argued that the introduction of
the tax was necessary to shore up government revenue as crude oil prices had
tumbled below US$30 per barrel at the time as against government projected
price per barrel.
The Chamber of Petroleum Consumers (COPEC) has been at the
forefront since last year, calling on the government to ensure it desists from
introducing new taxes on petroleum in 2021.
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