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Business News of Tuesday, 2 July 2019

Source: www.ghanaweb.com

Abolish taxes on LPG now – LPG Marketing Companies Association

Gabriel Kumi, Vice President of the LPG Marketers Association Gabriel Kumi, Vice President of the LPG Marketers Association

The LPG Marketing Companies Association of Ghana is calling on government to remove all taxes on the Liquefied Petroleum Gas.

In a statement released and signed by Justice Adu Mante, secretary of the association, the outfit argued that “the product which used to be subsidized has its price build-up been constituted of more than 23% taxes now.”

According to the Cylinder Recirculation Model (CRM), which is the implementation model for the National LPG Policy government envisages that at least 50% of Ghanaians should have access to safe, clean and environmentally-friendly LPG for domestic, commercial and industrial usage by 2030.

However, the LPG Marketers Association says considering the saturated market of the product, the only way to increase use is by creating access for new users.

The removal of taxes, the association says, “will significantly bring down the cost of the LPG and make it possible for the ordinary Ghanaian to afford it.”

Below is the full statement