Fuel Tax Cut: Govt Risks GH¢500m Monthly Revenue Hit
Published . Category: Business.
The Ghanaian government is considering cutting fuel taxes to ease the burden on citizens, but this move could come with a hefty price tag. For every GH¢1 remov…
The Ghanaian government is considering cutting fuel taxes to ease the burden on citizens, but this move could come with a hefty price tag. For every GH¢1 removed from fuel taxes, the government stands to lose nearly GH¢500 million in revenue per month. If the relief reaches GH¢2 per liter, the revenue gap could balloon to GH¢1 billion for a single month This decision comes as crude prices surge due to the US-Israel-Iran conflict, and the government is looking for ways to cushion consumers. The…