{"id":173547,"date":"2024-04-21T08:53:39","date_gmt":"2024-04-21T08:53:39","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/04\/21\/price-stabilisation-and-recovery-levy-must-be-withdrawn\/"},"modified":"2024-04-21T08:53:39","modified_gmt":"2024-04-21T08:53:39","slug":"price-stabilisation-and-recovery-levy-must-be-withdrawn","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/04\/21\/price-stabilisation-and-recovery-levy-must-be-withdrawn\/","title":{"rendered":"Price Stabilisation and Recovery Levy must be withdrawn"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP), has advocated for the withdrawal of the Price Stabilization and Recovery Levy imposed by the National Petroleum Authority (NPA).<\/p>\n<p>Effective April 4, 2024, the NPA reintroduced the Price Stabilization and Recovery Levy into the price build-up for petroleum products, prompting adjustments in fuel prices by some Oil Marketing Companies (OMCs).<\/p>\n<p>The rationale behind this decision remains unclear, but it will impact the cost of petroleum products for consumers, potentially leading to increased transport fares.<\/p>\n<p>During an appearance on <em><strong>The Big Issue<\/strong> <\/em>on <em><strong>Citi TV<\/strong> <\/em>with Selorm Adonoo, Mr Poku expressed his disagreement with the Ministry of Finance\u2019s decision to reintroduce the Price Stabilization and Recovery Levy.<\/p>\n<p>\u201cI felt it was very unfortunate when the Ministry of Finance in their wisdom thought that the Price Stabilisation and Recovery Levy has to be put back because of the reasons that was stated.<\/p>\n<p>\u201cI disagree with the Ministry of Finance on that because I think that price stabilisation levy is not a consolidated fund item.\u201d<\/p>\n<p>\u201cIt is money that goes to a separate port. It shouldn\u2019t go to a consolidated fund and as a result, it shouldn\u2019t affect the general calculation of government in terms of the IMF programme and all the things that the Ministry of Finance want to tell us.\u201d<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP), has advocated for the withdrawal of the Price Stabilization and Recovery Levy imposed by the National Petroleum Authority (NPA). Effective April 4, 2024, the NPA reintroduced the Price Stabilization and Recovery Levy into the price build-up for petroleum products, prompting adjustments [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":173548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173547","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Price Stabilisation and Recovery Levy must be withdrawn - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/04\/21\/price-stabilisation-and-recovery-levy-must-be-withdrawn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Price Stabilisation and Recovery Levy must be withdrawn - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP), has advocated for the withdrawal of the Price Stabilization and Recovery Levy imposed by the National Petroleum Authority (NPA). 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