Prof. Peter Quartey, Director of the Institute of Statistical, Social and Economic Research (ISSER), has asserted that, the government’s recent imposition of a GHC1 per-litre fuel levy points to significant shortfalls in domestic revenue mobilisation.
The introduction of the GHS1 energy sector levy reflects deeper revenue challenges facing government finances.
Speaking on Business Focus on July 21, Prof. Quartey said the introduction of the levy is a direct response to mounting fiscal pressure. “Things are not looking good on the revenue side,” he said, adding that the measure is symptomatic of broader budgetary strain.
He emphasised the need for the government to demonstrate how it intends to reverse the revenue slump and meet its fiscal targets.
“I expect to see the performance of revenue numbers in the upcoming mid-year budget review,” he noted.
The GHC1 levy, introduced as part of measures to stabilise the energy sector and raise funds for key infrastructure, has stirred debate among analysts and the public alike, with concerns about its potential impact on inflation and cost of living.
Government is expected to present the mid-year budget to Parliament on July 24th 2025, providing clarity on revenue performance and spending priorities.
