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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
bill.
Finance Minister, Seth Terkper submitted the billto Parliament on
Wednesday after his presentation of the 2015 budget statement to the
House.
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.
