The Liquefied Petroleum Gas Marketers Association disclosed that LPG usage in Ghana decreased by 9% in the first quarter of 2024.
The Association attributed this decline to the raised taxes on the commodity, leading to price hikes.
Vice President Gabriel Kumi expressed concern that the additional tax would exacerbate the challenges already faced by the LPG sector.
“Those buying LPG has reduced, if you look at first quarter of 2024, as compared to 2023, we have dropped by 9%, the imposition of the $80 tax on LPG will worsen the situation. The price of Gas has increased again. Gas is one commodity that if you impose tax by one percent it goes a long way to push people out of using it. From 1st April to 15th April the figures we are picking in terms of consumers is not encouraging at all. Something needs to be done immediately by reducing the price of gas,” Gabriel Kumi said in an interview on New York-based Adinkra FM.
Gabriel Kumi declared that the National Petroleum Authority’s decision to impose an extra $80 per metric ton (MT) for Bottling Plant and Cylinder Investment Margins lacks justification.
He revealed that his association has formally requested the government to rescind the tax, warning that they will take further action if the government does not respond.