Taxes on aviation fuel are the subject of an examination

The relatively high cost of aviation fuel in Ghana has forced most airlines operating in the subregion to raise fuel from countries other than Ghana. This development would have a negative impact on the profits of the airlines.

In 2016, the government then announced a twenty percent reduction in the cost of aviation fuel. At the time, a liter of the product was sold for 3 dollars 14 cents.

While Nigeria and Benin sold one liter of aviation fuel at $ 2.30 each, Cameroon sold one liter of jet fuel at $ 1 94 cents.

Another problem that the Ministry of Finance plans to address is the corporate income tax regime for airline operators.

Mr. Kwaku Kwarteng said that a more realistic tax system should generate more revenue and reduce the burden on airlines.

"We would like to explore the possibility of doing things right because in the end, while trying to be competitive in one area, we also need to ensure that each industry pays its fair share of taxes in national revenues. ", did he declare.

Deputy Finance Minister Kwaku Kwarteng said his team was working to reduce the cost of aviation fuel and other taxes for airlines operating in Ghana.

According to him, this will strengthen, inter alia, Ghana's competitiveness in the aviation sector within the subregion.

He unveiled the plan at the third breakfast meeting of players in the aviation sector.

"We will examine the offers of our competitors in the sub-region, discuss with you and see how we can react to the usual concerns that aviation fuel taxes are higher than at home," said the sub-region. -minister.