The Association of Ghana Industries (AGI) has called for the immediate cancellation of the GHC1 fuel levy, warning that the measure could increase operational costs for businesses following recent fuel price hikes.
Speaking at a press conference, AGI President, Kofi Nsiah-Poku cautioned that companies may be compelled to pass the additional cost on to consumers if the levy remains in place.
“The fuel price has gone up for more than 30%, diesel is about over 16 or 17 now. So it is important that at this point, we start talking about the removal of the 1 cedi to bring our cost of operations down,” he stated.
He noted that if the levy is not removed, the association may have no option but to review operational costs, which could lead to an increase in the prices of goods and services, something businesses are trying to avoid.
Mr. Nsiah-Poku further stressed the need to maintain the gains made by the cedi, warning that high fuel prices could undermine those efforts.
“We do not want a situation where the impact of the cedi will not be balanced by fuel prices and therefore will come back to square one,” he said.
Source: Bertina Ofosu
