If you are a car owner in Ghana, then starting 2024, the ruling New Patriotic Party (NPP), under the President Nana Akufo-Addo and Dr. Mahamudu Bawumia government has imposed an Excise Duty (tax).
Ghanaian vehicle owners are expected to pay an amount of GHc100 compulsory tax for owning a car, motor, or any other moving machine that uses petrol or diesel.
However, failure to pay this newly imposed tax by the NPP government will attract a prison sentence for tax evasion.
Akpeteshie, an alcoholic beverage made locally, will now cost more to consumers.
Dr. Cassiel Ato Forson, the minority leader, has criticized the administration for including a 20% “Akpeteshie” tax in the 2024 budget.
Additionally, he took issue with the government’s proposed increases on gasoline and diesel taxes for Ghanaians.
He objected to the GH¢100 annual tax that would be imposed on all gasoline and diesel cars, including aboboyaas, trotros, okadas, taxis, commercial buses, and ambulances.
He claimed that the government had turned to indiscriminate taxation of the people due to its inability to come up with innovative economic policies.
He asserted that taxes are the government’s insatiable appetite. The government of Akufo-Addo and Babumira is taxing “akpeteshie” (20%) because (they have run out of ideas).
A new annual tax of GH¢100 per vehicle is also something that owners of gasoline and diesel vehicles (internal combustion engine vehicles) should be prepared to pay.
All trotros, aboboyaas, okadas, taxis, commercial buses, trucks, ambulances, heavy-duty and construction vehicles, water tankers, private automobiles, etc., he said, would be subject to the tax. The government is taxing you once your car is running on gasoline or diesel.
