The President of Ghana, Nana Addo-Dankwa Akufo-Addo has finally reacted to calls by the public for the Government of Ghana under his leadership to remove taxes from petroleum products.
Speaking during the day set aside to celebrate workers, the first gentleman of the land stated that his Government cannot afford to remove taxes on petroleum products at this time as being called upon by labour unions.
President Nana Addo-Dankwa Akufo-Addo during his speech to workers said; “Suggestions has been made which has also been repeated by the secretary general is at this moment not sustainable. Removing taxes on petroleum products will reduce government revenue by some 4billion Ghana cedis at this time when we are determined to expand government revenue and in order to increase our capacity to finance our own development.”
The President further added that Government is currently having challenges financially.
He said “Government is currently confronted by very tight financing conditions in the wake of inadequate domestic revenue mobilization. Indeed, some of the revenues from these same taxes on petroleum products is what is use to salaries of some of the 700,000 workers in the public sector.”