The Parliament of Ghana, has under a certificate of urgency, approved the Energy Sector Levy (Amendment) Bill, 2025, introducing a GH¢1 levy on petroleum products on Tuesday, June 3.
The passage of this bill is expected to generate an additional GH¢5.7 billion in revenue annually to address the energy sector’s financial woes.
Consumers will now pay GHC 1 per litre to address energy sector shortfalls and debt repayment.
The Finance Minister, Dr. Cassiel Ato Forson stated that the energy sector’s total indebtedness stands at US$3.1 billion as of March 2025.
He further explained that a minimum of US$3.7 billion is required to fully clear this debt, with an additional US$1.2 billion needed to procure essential fuel for thermal power generation throughout 2025.
The Minister assured Parliament that the impact of the new levy on ex-pump prices would be “absorbed by the gains made from the strong performance of the Ghana Cedi”, meaning consumers would not experience an immediate price hike.
The Minority opposed the bill, after describing it as an inappropriate burden on Ghanaians.They staged a walkout during the approval process to register their displeasure.
