Parliament approves 17.5% Petroleum Tax

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Citifmonline report indicate that,Parliaments has approved the

controversial 17.5% Special Petroleum Tax bill.

The approval was given by only the Majority Members of Parliament

(MPs) after the Minority MPs staged a walkoutduring a debate on the


Finance Minister, Seth Terkper submitted the billto Parliament on

Wednesday after his presentation of the 2015 budget statement to the


MPs were subsequently forced to stay in Parliament to debate and

approve the bill on Wednesday night because the bill was to go through

a certificate of urgency.

The Minority MPs served notice they will not allow Ghanaians to be

subjected to paying high prices for petroleum products since the price

of crude oil has drastically reduced on the world market.

The certificate of urgency means all the three stages involved in

passing a bill; the first reading, the second reading and the

consideration stage and the passage of the bill were all done tonight.

The bill is expected to be submitted to the President for it to be

signed into law.

Kofi Oppong Kyekyeku

I am a Ghanaian Broadcast Journalist/Writer who has an interest in General News, Sports, Entertainment, Health, Lifestyle and many more.

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