Business News of Saturday, 4 April 2020Source: 3news.comCOPEC, CPA threatens to sue NPA over cylinder taxExecutive Secretary of COPEC, Duncan AmoahThe Chamber of Petroleum Consumers Ghana (COPEC) and the Consumer Protection Agency (CPA) have instructed their lawyers to ask the National Petroleum Authority (NPA) to withdraw the cylinder investment margin (CIM) with immediate effect. According to COPEC and CPA, the move constitutes an imposition of tax on petroleum products – which to them is a clear violation of law. A letter written on behalf of the two civil society groups by lawyer Martin Kpebu said the move should have sought parliamentary approval. “As you are already aware, the CIM for all intents and purposes amounts to a tax, as such the NPA required the approval of Parliament in order to impose same,” the letter written directly to the Chief Executive Officer of NPA, Hassan Tampul, I said. It is, therefore, urging the Authority to withdraw the “tax”, failure to do so leading to action in a court of law.

Source: GhanaWeb April 04, 2020 09:00 UTC