The Chamber of Petroleum Consumers (COPEC) is advocating sustained reforms in Ghana’s petroleum pricing structure following a government directive to review and remove certain fuel taxes.
The move, announced by John Dramani Mahama, has been welcomed by COPEC, but the Chamber insists the exercise should go beyond short-term relief and address longstanding concerns within the sector.
COPEC Executive Secretary, Duncan Amoah, said the planned discussions with the Ministries of Finance and Energy present an opportunity to eliminate taxes that have outlived their purpose and continue to burden consumers.
He noted that while rising global crude oil prices—driven by geopolitical tensions involving countries such as Iran, United States, and Israel—have contributed to higher fuel costs, the issue of excessive taxation has persisted for years.
According to COPEC, the current intervention should not be seen as a temporary response to global events but as a necessary step toward restructuring Ghana’s fuel pricing system to ensure fairness and sustainability.
The Chamber has pledged to actively participate in consultations to ensure that any adjustments made will deliver real and lasting relief to consumers and businesses grappling with high transportation and production costs.
The government’s directive is part of broader efforts to stabilise the economy and cushion households from rising living expenses, as stakeholders call for deeper reforms in the energy sector.
