Parliament approves 17.5 per cent petroleum tax

Parliament Wednesday night passed the newly announced 17.5 per cent Special Petroleum Tax bill into law after the Minority walked out on the deliberations.

The Finance Minister, Seth Terkper submitted the bill to Parliament on Wednesday after presenting the 2015 budget statement and requested for Parliamentary approval.

But the Minority refused to participate in the debate on the bill, stressing that it will not be part of what it said was an attempt to deepen the hardship of Ghanaians.

The Majority side however proceeded to approve the bill.