![\"Officials](\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/11\/ACEP.jpg\")
<\/a>[contextly_sidebar id=”6TgRXVXZMxjWlDuDHf6qA17TBGwe7Lpx”]According to him, the tax will accumulate the windfalls to cushion consumers, should these prices begin to rise again.<\/p>\n
\u201cI think we need a mitigation levy so we can save for the future. I say this because the price of oil on the world market will certainly rise again. I feel that Parliament has to sit down and decide when we will save money\u00a0accrued\u00a0from the\u00a0excess recovery. We can just decide to put in the litigation fund to reduce the effect of another increment on Ghanaians,\u201d he said. –<\/p>\n
However speaking in an interview with Citi News,\u00a0<\/strong>the Director of Programmes at ACEP, Benjamin Boakye insisted his proposal was \u00a0irrelevant.<\/p>\n “I am saying it is not relevant because you cannot manipulate oil prices from Ghana and you cannot save so much to be able to mitigate future price rise so what you do is to allow the market to dictate the prices.”<\/p>\n “In other jurisdictions what you do is that world prices rise so much above what people can bear you rather try to cushion people by reducing taxes on the product but in our case we decided to take more taxes and after taking more taxes we are proposing another fund to get more from customers and as consumers that is not fair,” he said.<\/p>\n