The Ghana Revenue Authority (GRA) says the implementation of the Emissions Levy Act, 2023 (Act 1112) commences Thursday, February 1, 2024.
According to a statement issued, the Act will impose a levy on carbon dioxide equivalent emissions on internal combustion engine vehicles.
The GRA emphasised that the move aligns with the government’s commitment to addressing greenhouse gas emissions. Additionally, the implementation of the emissions levy aims at promoting the adoption of eco-friendly technology and green energy, contributing to improved environmental management and the control of air and water pollution.
The Authority stated that individuals obligated to pay the Emissions Levy must complete the registration process and make the levy payments exclusively through the Ghana.gov platform.
Under section 4(4) of Act 1112, a person required to issue a road certificate at the Driver and Vehicle Licensing Authority (DVLA) and other testing centres, shall demand evidence of payment of the levy before issuing a Road Use Certificate.
Additionally, the GRA called on all vehicle owners to adhere to the directive and fulfill their obligation by paying the Emissions Levy as stipulated in Act 1112.
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Meanwhile, fuel prices are expected to go up marginally on Thursday, February 1, 2024.
According to the Institute for Energy Securities (IES), this is due to a marginal increase in the price of finished petroleum products and the depreciation of the cedi. The price of petrol and Liquefied Petroleum Gas will go up by 2 percent while diesel will increase by 3 percent.
The IES says consumers going to the pumps in the coming days are likely to see a 2 percent increase in LPG prices as well.
According to the Global Standard & Poor (S&P) Platts platform, the price increment has been recorded for all refined petroleum products as of January 26, 2024.
A comparative analysis of the refined price data indicates an increase of 2.93 percent, 4.79 percent, and 2.44 percent for petrol, diesel, and LPG. The second pricing-window saw some relative stability in diesel on the local fuels market.
The continuous monitoring of Oil Marketing Companies (OMCs) by the IES on the market revealed that prices remained unchanged for the two main liquid fuels in the first week of the pricing window.
However, few of them reviewed the price of petrol in the second week.
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