Kojo Oppong Nkrumah the member of parliament for Ofoase Ayirebi has stated that the GH¢1 levy on petroleum products is being charged at the rate of 8% per transaction.
He asserted that the dumsor levy makes it one of the highest tax rates introduced in Ghana as a single instance.
According to Kojo Oppong Nkrumah, the dumsor is simply wickedness.
The minority labelled the GH¢1 levy on petroleum products as a midnight robbery.
He asserted that the E-levy was designed to yield approximately GH¢2 billion but the dumsor levy will take ¢5.6 billion from the pockets of Ghanaians.
Speaking to the media, Kojo Oppong Nkrumah the member of parliament for Ofoase Ayirebi stated, “The E-Levy was advertised in the budget and followed up with town hall. It was neither advertised in the budget nor on the main order paper for the day. That is why we say that this amounts to midnight robbery.
The E-Levy had an effective rate of 1% per transaction, yet it was described as pickpocketing. This Dumsor Levy has the effective effect of 8% per transaction, which is why we say that it is midnight robbery”.
He added, “The E-Levy was designed to yield approximately GH¢2 billion from persons who elected to do transfers or transactions. This government is taking GH¢5.6 billion from the pockets of Ghanaians, and we think it is very dishonest”.
Meanwhile, the Ghana Revenue Authority (GRA) has postponed the rollout of the Energy Sector Shortfall and Debt Repayment Levy from today June 9 to June 16, 2025.
The GRA move comes after they faced intense resistance from oil marketing companies.
The Chamber of Oil Marketing Companies (COMAC) raised concerns over the timing and potential impact on fuel prices and consumer burden.
COMAC in a letter signed condemned the timing and mode of communication, which it received at 8:00 am on Sunday, June 8.
See the post below:
1 LITRE, 1 GHS: This levy is being charged at a rate of 8% per transaction. It is simply wickedness – Kojo Oppong-Nkrumah
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