Discussions on petroleum taxes review ongoing with Finance Minister - Jinapor

John Jinapor, Minister for Energy and Green Transition, disclosed that the ministry is having a series of engagements with the Finance Minister to take a decision on some taxes, including the one cedi levy on petroleum products. He said, "We are having a lot of deliberations and I've engaged the Minister of Finance for a solution where some even proposed removal of taxes on the products. It's a nice idea but we should also bear in mind that some sectors of the economy will have to sacrifice so that we can still get some revenues and improve our fiscal standing."

There have been calls for government to remove some taxes on petroleum prices at the pumps due to the war in the Middle East, which has affected global crude prices. Mr. Jinapor assured that a decision will soon be announced when all consultations are completed. He said government's outmost priority is to ensure availability of petroleum products in the country and make it affordable to consumers. He also said, "We have three key priorities as a government in this current situation we're facing, and the most important is getting the products available into the market. We believe that if we're able to get the products, then we can talk about pricing but the most important is to get the product into the market." The concerns of fuel availability grows across the country after the tension in the Middle East intensified in March 2026.

The Chief Executive of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong, told journalists that sector players are committed to supporting government in reviewing taxes on petroleum products.