The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has joined the growing chorus of concern over the recently approved GH¢1 per litre levy on petroleum products, warning that the move could erode fragile gains in consumer confidence and economic stability.

Speaking on the sidelines of the launch of the 5th Chamber Business Awards, Badu-Aboagye admitted the purpose behind the levy was understandable, particularly given Ghana's staggering energy sector debt.

However, he argued that the timing and rate of the increase were deeply problematic. "The intended purpose of the levy is very relevant in supporting the energy sector and addressing its mounting debt.

However, I take issue with both the timing and the rate of the increase.