The Ranking member of the Mines and Energy Committee of Parliament, John Abdulai Jinapor, has called on the government to suspend the Special Petroleum Tax on petroleum products in the 2022 budget. That, he explained, would provide some respite for Ghanaians from the high cost of fuel at the pump. We make this demand because crude prices which were pegged at a benchmark price of $54.75 dollar per barrel in the 2021 budget statement has risen to over $85 representing an increment of over 55 per cent,” he stated on behalf of the Minority in Parliament. Addressing a press conference in Parliament House yesterday, Jinapor said as a net exporter of crude oil, Ghana’s revenue receipts from petroleum exports were expected to increase from the initially projected figure of $800 million to more than $1.2 billion. What this means is that the nation is making huge unanticipated revenues from crude exports hence the need to abolish the Special Petroleum Tax to ameliorate the suffering of the ...