{"id":373399,"date":"2017-11-14T06:06:25","date_gmt":"2017-11-14T06:06:25","guid":{"rendered":"http:\/\/citifmonline.com\/?p=373399"},"modified":"2017-11-14T06:07:45","modified_gmt":"2017-11-14T06:07:45","slug":"ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/","title":{"rendered":"IES wants comprehensive review of petroleum levies in 2018 budget"},"content":{"rendered":"<p>Ahead of the presentation of the budget and policy statement for 2018 on Wednesday, November 15, the Institute of Energy Security (IES), has reiterated <span style=\"color: #666699;\"><a href=\"http:\/\/citifmonline.com\/2017\/09\/20\/scrap-taxes-on-fuel-to-reduce-prices-energy-institute\/\"><strong>its call<\/strong><\/a><\/span> for a comprehensive review of the taxes and levies on petroleum products.<\/p>\n<p>According to the think tank, despite assurances that the numerous taxes imposed by the previous administration which the New Patriotic Party (NPP) had described as nuisance taxes, would be scrapped, the new government only \u201cabolished the excise duties which was just two pesewas\u201d, and reduced the petroleum tax by a negligible percentage in the first budget<strong>.<\/strong><\/p>\n<p>[contextly_sidebar id=&#8221;OugAYqoEGkJ74uwtpWVdgn4L7NG64qjG&#8221;]Speaking to <strong>Citi News, <\/strong>a Senior Research Analyst at the Institute, Richard Rockson, said they expect wholesale and significant reductions in the taxes and levies when the budget is read in Parliament by Finance Minister, Ken Ofori Atta.<\/p>\n<p>\u201cIn opposition, the government complained, along with us that some of these taxes and levies were extravagant and were on the high side and we\u2019re expecting that once the second budget is coming into force, government will be able to look at that,\u201d he said.<\/p>\n<p>\u201cWe don\u2019t want what happened in the first one to happen again where government abolished the excise duties which was just two pesewas, and reduced the petroleum tax from 17 percent to 15 percent. We want a comprehensive review of these taxes and levies so that we give some respite to the people of Ghana.\u201d<\/p>\n<p>Fuel prices went up a number of times this year before hitting an\u00a0<span style=\"color: #666699;\"><a href=\"http:\/\/citibusinessnews.com\/index.php\/2017\/09\/20\/fuel-prices-hit-all-year-high-infographic\/\"><strong>all-year high<\/strong><\/a><\/span> in September, with petrol selling at an average of GHc4.29 at the pumps, and diesel going for an average of GHc4.23 per litre.<\/p>\n<p>Some NPP communicators have suggested that a number of taxes will be reviewed downwards, with the President of the Republic, Nana Addo Dankwa Akufo Addo, hinting over the weekend that electricity tariffs\u00a0will be reviewed\u00a0downwards soon.<\/p>\n<p>The high electricity tariffs were a major part of the New Patriotic Party (NPP)\u2019s campaign ahead of the 2016 elections, with many of the party\u2019s communicators claiming that electricity cost more than rent.<\/p>\n<p>\u201cI\u2019m glad that businesses\u00a0are no longer burdened by the erratic\u00a0power supply that wrecked our nation in recent years. Dumsor, thank God, appears now to be the thing of an unlamented past. Another of the stars of the government, the Energy Minister, Boakye Agyarko, is to be commended for the sterling work he\u2019s been doing so far on this matter,\u201d the President said.<\/p>\n<p>\u201cFurthermore, the government is moving to set in motion the process for the review of electricity tariffs and in the budget to be read by the brilliant Minister of Finance, Ken Ofori-Atta on Wednesday, I\u2019m sure we will hear some good news in this regard.\u201d<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-220678\" src=\"http:\/\/citifmonline.com\/wp-content\/uploads\/2016\/06\/petroleum-products-1.jpg\" alt=\"\" width=\"451\" height=\"300\" \/><\/p>\n<p><strong>Come clean on revenue<\/strong><\/p>\n<p>The Institute also called on the government to publish details of revenue accrued from the taxes and levies on petroleum products and the oil find, and the expenditures made from those finances.<\/p>\n<p>&#8220;We expect government to be able to come clean when it comes to the taxes and levies on the petroleum sector, especially the fuel price buildup; how much it has accrued in 2017 alone, what it has used the funds for. We expect some level of transparency in the sector. We expect government to publish revenues that we\u2019ve had and we want to know what government has used our oil revenues for over the period.&#8221;<\/p>\n<p>&#8211;<\/p>\n<p>By: Edwin Kwakofi &amp; Sixtus Dong Ullo\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ahead of the presentation of the budget and policy statement for 2018 on Wednesday, November 15, the Institute of Energy Security (IES), has reiterated its call for a comprehensive review of the taxes and levies on petroleum products. According to the think tank, despite assurances that the numerous taxes imposed by the previous administration which [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,11],"tags":[11511,7491,3,11251,3170],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IES wants comprehensive review of petroleum levies in 2018 budget - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IES wants comprehensive review of petroleum levies in 2018 budget - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Ahead of the presentation of the budget and policy statement for 2018 on Wednesday, November 15, the Institute of Energy Security (IES), has reiterated its call for a comprehensive review of the taxes and levies on petroleum products. According to the think tank, despite assurances that the numerous taxes imposed by the previous administration which [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-14T06:06:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-14T06:07:45+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/citifmonline.com\/wp-content\/uploads\/2016\/06\/petroleum-products-1.jpg\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/\",\"url\":\"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/\",\"name\":\"IES wants comprehensive review of petroleum levies in 2018 budget - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2017-11-14T06:06:25+00:00\",\"dateModified\":\"2017-11-14T06:07:45+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IES wants comprehensive review of petroleum levies in 2018 budget\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IES wants comprehensive review of petroleum levies in 2018 budget - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/","og_locale":"en_US","og_type":"article","og_title":"IES wants comprehensive review of petroleum levies in 2018 budget - Citi 97.3 FM - Relevant Radio. Always","og_description":"Ahead of the presentation of the budget and policy statement for 2018 on Wednesday, November 15, the Institute of Energy Security (IES), has reiterated its call for a comprehensive review of the taxes and levies on petroleum products. According to the think tank, despite assurances that the numerous taxes imposed by the previous administration which [&hellip;]","og_url":"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2017-11-14T06:06:25+00:00","article_modified_time":"2017-11-14T06:07:45+00:00","og_image":[{"url":"http:\/\/citifmonline.com\/wp-content\/uploads\/2016\/06\/petroleum-products-1.jpg"}],"author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/","url":"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/","name":"IES wants comprehensive review of petroleum levies in 2018 budget - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2017-11-14T06:06:25+00:00","dateModified":"2017-11-14T06:07:45+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2017\/11\/ies-wants-comprehensive-review-of-petroleum-levies-in-2018-budget\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"IES wants comprehensive review of petroleum levies in 2018 budget"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/373399"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=373399"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/373399\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=373399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=373399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=373399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}