Levy on petroleum products has been increased by GHC1.00 following the passage of the the Energy Sector Levy (Amendment) Bill, 2025, by Parliament on Tuesday, June 3, 2025.
This is expected to generate an additional 5.7 billion Ghana Cedis in revenue to help reduce energy sector debts and support stable power supply by curbing dumsor.
Finance Minister, Dr. Cassiel Ato Baah Forson, explained that Ghana’s energy sector debt currently stands at US$3.1 billion, and will require US$3.7 billion dollars to clear it.
According to him, an additional US$1.2 billion will be needed by the government to purchase fuel to power Ghana’s thermal power generation for the year 2025.
The Minister clarified on the floor of Parliament that the rise in the levy will not result in increase in the ex-pump price of fuel.
The Minority caucus, meanwhile, expressed opposition to the levy, describing it as inappropriate. The members staged a walkout during the approval of the bill, arguing that the Majority caucus at the time lacked the required numbers to take a decision on the bill that would be binding on all.
Full text: Finance Minister’s address to Parliament on payments to statutory funds
