Ghana’s Chamber of Mines called on Friday for market-driven pricing of diesel oil to help its members operate more competitively and sustainably.
“The Chamber is calling for market-driven pricing for diesel oil and the removal of certain unjust levies and margins that inflate costs exponentially,” President Michael Edem Akafia said at the West African Mining and Power Expo (WAMPEX).
The call comes as the global energy sector shifts towards cleaner fuels and Ghana’s government faces pressure to reform its mining laws.
Akafia also criticized the Mineral Revenue Retention Policy and sought changes to the Growth and Sustainability Levy, which he said was unfair and potentially harmful to the industry.
The Chamber also advocated for amendments to the Income Tax Act to make compliance easier and requested reconsideration of non-resident service payments and thin capitalization ruiles.
By Eugene Davis
