PRESS RELEASE
Development Data
Policy and Research
Advocacy
July 23, 2010
Fuel prices: High court
to decide on Monday
Following a ruling by an Accra High Court presided over by
His Lordship Patrick Baayeh that
the current fuel prices being paid by consumers in Ghana are
illegal, the National Petroleum
Authority (NPA) has filed a motion to set aside the court's
default judgement.
In addition to ordering the NPA to reduce fuel prices by the
illegal ex-refinery differential,
the Court also ordered NPA and TOR to disclose publicly the
full amount realised from the
illegal pricing of fuel since 5th June 2009 and pay same
into the Consolidated Fund.
From Development Data's calculation, the total amount
accrued from the ex-refinery
differential between the 5th of June 2009 and the 22nd of
July 2010 (that is yesterday)
comes to GH¢681.27 million. This is also twice the amount of
money (GH¢340.05 million) realised
from petroleum taxes over the same period.
In its motion to set aside the judgement, the NPA among
other arguments, concedes charging
the ex-refinery differential but argues that the money was
(and is being) used for good
purposes.
The case will be heard in the Accra High Court 11 (Cocoa
Affairs Courts) at or around 9.00
am on Monday, the 26th of July 2010.
Kwaku Kwarteng
Executive Chairman
Development Data
