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Dr. Mohammed Amin Adam, the former Finance Minister and current Ranking Member on Parliament’s Finance Committee, has urged President John Mahama’s administration to conduct a comprehensive review of taxes and levies on petroleum products. Dr. Amin Adam argues that the government's recent GH¢2 intervention on diesel prices has failed to provide meaningful relief to consumers. Despite the reduction, current diesel prices remain high, fluctuating between GH¢17.55 and GH¢18.99 per litre, leaving a significant financial burden on the Ghanaian public.
In a critique shared on September 27, 2025, Dr. Amin Adam compared the current measures unfavorably to those of the previous New Patriotic Party (NPP) administration. He asserted that the NPP had implemented more permanent and effective relief measures to support consumers during periods of high global fuel prices. He characterized the current GH¢2 cut as a temporary and insufficient gesture that does not address the fundamental cost drivers within the petroleum pricing formula.
The Ranking Member is advocating for the government to scrap or significantly reduce specific levies to provide more sustainable economic relief. This proposal comes as citizens face rising operational costs in transport and commerce, which are heavily influenced by fuel prices. Dr. Amin Adam’s call for a fiscal overhaul suggests that without removing these tax layers, minor price adjustments will continue to have negligible impacts on the cost of living.
As the debate over energy pricing intensifies, the Finance Committee is expected to face further pressure to address these concerns. The current administration now faces the challenge of balancing revenue requirements with the urgent need to stabilize the energy market for the benefit of ordinary Ghanaians. The outcome of this policy debate will likely shape the economic discourse as the country navigates the remainder of the 2025 fiscal year.
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