Deloitte
Key findings from an Oil and Gas Survey by professional services firm, Deloitte, has revealed that businesses in the upstream oil industry believe their investment decisions especially in relation to waste management is going to be affected by the introduction and sustenance of the emissions levy.
The emission levy was introduced in the 2024 National Budget. The Emission Act 1112 imposes tax on the carbon dioxide equivalent emissions of taxpayers in specified sectors, including construction, manufacturing, mining, oil and gas and electricity and heating.
Fourty percent of the business (respondents) were of the view the levy would influence their investment decisions towards cleaner technologies.
The respondents also stated that the awareness of the Ghana Revenue Authority emissions levy is high, with approximately 65% of them indicating knowledge of the policy.
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