Accra, Ghana//-The Government of Ghana has yielded intense pressure leading to the suspension of the planned implementation of the 15 per cent Value Added Tax (VAT) on domestic consumption of electricity.
Category: Energy
Ghana: Only a Withdrawal of 15% VAT Directive Can Stop Us From Demonstrating – CLOGSAG
The Executive Secretary of the Civil and Local Government Staff Association of Ghana (CLOGSAG), Isaac Bampoe-Addo, has asserted that the planned nationwide demonstration by Organised Labour is inevitable unless the government takes prompt action to withdraw a directive.
African Leaders Must Find Ways to Encourage Ongoing Oil and Gas Investments
As the 2023 U.N. Climate Change Conference, the 28th Conference of Parties (COP28) in Dubai drew to a close, the air was thick with determination among the 200 delegates.
VAT on Power Consumption: We Can’t Implement a Directive That Has Bottlenecks – ECG MD
Accra, Ghana//-In the wake of disagreements about the government’s decision to impose a new Value Added Tax (VAT) on electricity consumers beyond the lifeline threshold, the Electricity Company of Ghana (ECG), the implementing agency, has raised concerns about the law imposing the tax.
Supply Uncertainty Leaves Oil Markets on Edge
The continued rerouting of ships from Asia to Europe has been greatly reducing the availability of spot tankers that could be chartered, lifting the price of shipping, especially when it comes to clean products.
Heirs Energies Celebrates Third Anniversary, Records Significant Milestones in Production Growth
Lagos, Nigeria// – Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, commemorated its third anniversary.
We Fixed Dumsor – Mahama Slams Government Over Power Cuts; VAT on Electricity
The Flagbearer of the opposition National Democratic Congress (NDC) for election 2024, John Dramani Mahama, has said the government is returning the country to the days of severe power crisis christened “dumsor.”
Economist Slams Govt’s Decision to Impose VAT on Power Consumption
Accra, Ghana//-Economist and former Board Chair of the Ghana Revenue Authority (GRA), Prof. Stephen Adei, is kicking against the newly introduced VAT on electricity consumption.
Transport Drives India’s Seven-month Peak in Fuel Demand
Boosted by a transport industry catering for festive travel, India’s fuel consumption hit a seven-month peak in December 2023.
Iran Withholds Oil Shipments to China, Demanding Higher Prices
Oil trade between China and Iran has hit a roadblock as Tehran ceased shipments, seeking higher prices from its primary customer, reported Reuters, citing sources.