{"id":465554,"date":"2018-02-19T13:10:59","date_gmt":"2018-02-19T13:10:59","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/19\/2-reduction-in-spt-unacceptable-mp\/"},"modified":"2018-02-19T13:10:59","modified_gmt":"2018-02-19T13:10:59","slug":"2-reduction-in-spt-unacceptable-mp","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/19\/2-reduction-in-spt-unacceptable-mp\/","title":{"rendered":"2% reduction in SPT \u2018unacceptable\u2019 \u2013 MP"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Monday, 19 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>classfmonline.com<\/p>\n<p>2018-02-19<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/41809340.295.jpg\" alt=\"Sowa Dela Adjoahdf\" title=\"Sowa Dela Adjoahdf\" width=\"295\" height=\"184\" \/><span class=\"image_caption\"><span>Sowa Dela Adjoa, ranking member on Energy and Mines Committee of parliament<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1519045859_201_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">The Akufo-Addo-led government\u2019s two percent reduction in the Special Petroleum Tax (SPT) is \u2018unacceptable\u2019 Mrs Sowa Dela Adjoa, ranking member on Energy and Mines Committee of parliament has said.<\/p>\n<p>According to her, it is embarrassing especially since the governing New Patriotic Party (NPP) promised to scrap the SPT when they were in opposition campaigning for power in the 2016 election.<\/p>\n<p>Speaking on the Executive Breakfast Show (EBS) on Class91.3FM on Monday, 19 February 2018, she told show host Moro Awudu that: \u201cI\u2019m embarrassed because if you say something, I think morally you must abide by it. Now if you go out and say special petroleum tax is insensitive, is a nuisance and unnecessary and then you\u2019ll scrap it when you come to power, and then you come to power, one year on, you\u2019ve collected that same revenue without scrapping it, and then people start making noise and you say, I\u2019ve reduced it by two percent, for me, I think it\u2019s unacceptable and it embarrasses me as a politician.\u201d<\/p>\n<p>Member of Parliament for Ellembelle and former Minister for Petroleum, Mr Emmanuel Kofi Armah Buah, has also said government could have done better in the reduction of the SPT.<\/p>\n<p>He believes that the current exigencies in the petroleum sector across the international market should have informed the government to reduce the tax by a wider margin.<\/p>\n<p>Meanwhile, the Chamber of Petroleum Consumers Ghana (COPEC-Ghana) has also expressed similar sentiment.<\/p>\n<p>Although COPEC-Ghana welcomed the two per cent reduction in the Special Petroleum Tax, it doubts this action will bring respite to Ghanaians.<\/p>\n<p>Parliament on Thursday, 15 February 2018, passed the Special Petroleum Tax Amendment Bill to reduce the tax from 15 per cent to 13 per cent.<\/p>\n<p>The tax was introduced by the National Democratic Congress (NDC) government in 2016 to shore up revenues generated from fuel prices when crude oil prices were low.<\/p>\n<p>However, industry players argue that the tax has outlived its usefulness and should be scrapped.<\/p>\n<p><!-- uploaded by: 48 updated by: 48 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Monday, 19 February 2018 Source: classfmonline.com 2018-02-19 Sowa Dela Adjoa, ranking member on Energy and Mines Committee of parliament The Akufo-Addo-led government\u2019s two percent reduction in the Special Petroleum Tax (SPT) is \u2018unacceptable\u2019 Mrs Sowa Dela Adjoa, ranking member on Energy and Mines Committee of parliament has said. According to her, it [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":465555,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-465554","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/465554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=465554"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/465554\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=465554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=465554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=465554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}