ADVERTISEMENT
  • Home
  • News
  • Showbiz
  • Sports
  • World
YawaNews
  • Home
  • News
  • Showbiz
  • Sports
  • World
No Result
View All Result
  • Home
  • News
  • Showbiz
  • Sports
  • World
No Result
View All Result
YawaNews
No Result
View All Result
Home Top Story

Parliament passes GH¢1 fuel levy to solve dumsor

June 4, 2025
in Top Story, News
8th Parliament dissolves today, ushering in the 9th parliament

Parliament

0
SHARES
Share on FacebookShare on Twitter

Parliament has passed the Energy Sector Levy Amendment Bill 2025, imposing GH¢1 on every litre of fuel.

ADVERTISEMENT

The Energy Sector Levy Amendment Bill 2025 introduces a GH¢1 increase in the levy on petroleum products.

According to reports the measure will generate some GH¢5.7 billion in revenue to help reduce energy sector debts and help solve the erratic power supply commonly known as dumsor.

RelatedPosts

“I didn’t expect you to attack me!” – Afenyo-Markin ‘cries’ over Muntaka ‘spoilt child’ jab

We have hidden Ofori-Atta in a room – NPP Communicator tells OSP

Wontumi went five days without food or water in EOCO custody – Former NPP MP claims

In a brief statement on the floor of Parliament, Ato Forson detailed that at least $3.7 billion is needed to clear the current energy sector debt.

Speaking on the floor of parliament, Ato Forson stated, “A minimum of $3.7 billion is needed to clean up the overall energy sector’s indebtedness for us to have a clean slate. In the year 2025, the government will require an additional $1.2 billion to procure essential fuel for thermal power generation alone. The power sector risks imminent collapse if these unsustainable debts are not resolved.

“The government is proposing an increase in the X pump price of diesel, petrol, and related products. The impact will be absorbed by the gains made from the strong performance of the Ghana cedi. And this will mean that consumers will not have to pay extra for the price of diesel and petrol, beginning today, June 3,” he added.

The Minority Caucus however described the levy as inappropriate and staged a walkout during the approval.

Meanwhile, Benjamin Nsiah, the Executive Director of the Centre for Environment and Sustainable Development has quizzed the government’s newly approved GHȼ1 fuel levy.

According to him, the levy is regressive, uncreative and detrimental to already strained consumers.

Speaking to CITI News Benjamin Nsiah, stated, “This approach is not only tired but unfair. We’ve seen this playbook before. The Energy Sector Levies Act (ESLA), the Energy Sector Recovery Levy and none of them has provided a lasting solution to the underlying issues. It’s not about collecting more. It’s about managing what’s already collected.”

“For the Minister to say this won’t burden consumers is simply not accurate. The consumer has carried this burden for years, and without reform, this trend will continue,” he cautioned.

“The problem is not revenue; it is management,” he concluded.

See the post below:

pic.twitter.com/dONYwHAeNR

— Serwaa Amihere (@Serwaa_Amihere) June 3, 2025

Tags: Ato ForsonEnergy Sector Levy Amendment Bill 2025fuel levyParliament
ShareTweetPin
Previous Post

NIB has summoned me for questioning – Napo reveals

Next Post

$3.7bn needed to clear the current energy sector debt – Ato Forson

Next Post
Cedi’s appreciation not a ‘nine-day wonder’; it will be sustained – Ato Forson

$3.7bn needed to clear the current energy sector debt – Ato Forson

Recent Posts

  • “I didn’t expect you to attack me!” – Afenyo-Markin ‘cries’ over Muntaka ‘spoilt child’ jab
  • We have hidden Ofori-Atta in a room – NPP Communicator tells OSP
  • Wontumi went five days without food or water in EOCO custody – Former NPP MP claims
  • Ghana risks sliding back into dumsor if GHC1 fuel levy is rejected – Vanderpuye
  • BOMBSHELL – Embattled Adu-Boahene’s Enterprise Dreams Limited sold stolen cars

Recent Comments

No comments to show.
  • Email: YawaNewsgh@gmail.com
  • Contact Us
  • About Us
  • Privacy Policy
  • SiteMap
WhatsApp ONLY : +233 20 241 7018

© 2024 YawaNews

No Result
View All Result
  • Home
  • News
  • Showbiz
  • Sports
  • World

© 2024 YawaNews