President John Dramani Mahama has stated his government is determined to solve the energy sector crisis once and for all.
John Mahama asserted that energy sector debt has been the actual scale of economic growth and sustainability for many years.
According to him, the Energy Sector Levy is to eliminate the energy sector debts and stop the crisis in the energy sector.
He further revealed that he wants to create an energy sector that delivers lower tariffs and better service to Ghanaians.
Speaking when he was about to assent to the Act on Thursday, June 5, 2025, he detailed, Energy Sector Levy Amendment Act 2025. The energy sector debt has been the actual scale of economic growth and sustainability for many years. And there have been many attempts to try to resolve it from the time of the (sic) Levy to the Energy Sector Levy Act, ESLA. Today, we are signing the Energy Sector Levy Amendment Act.
“All this in a view to trying to eliminate the energy sector debts and stop the crisis in the energy sector, and create an energy sector that delivers lower tariffs and better service for our people. I wish to pledge to the Ghanaian people that we are determined to solve this energy sector crisis once and for all and resolve the issue of the energy sector debt, with the recent performance of the Ghanaian economy,” he stated.
Mahama added, “This act that has been christened the D-Levy will not be forever. It is a temporary solution to try and resolve our crisis in the power sector. And I’ll sign it now, but I’m sure that by the grace of God, we’ll resolve the energy sector crisis and we’ll be able to relieve Ghanaians of the levy that I’ve just sent. So, I hereby append my signature to the bill”.
We have seen a drop in the price of petroleum products. I want to thank the transport unions and the drivers for their cooperation in passing on the savings to the Ghanaian people. Since then, the petroleum prices have dropped further at the pump. We believe that it will be a useful use of the extra savings that has occurred to try and pay down the energy sector debt and also pay for the expensive liquid fuel that we use to generate power”.
John Mahama noted, “The fuel components of power generation is not captured in the tariff. And my understanding is that if we capture the full cost of the fuel component, it will lead tariffs to go up by 50%.
But our current trajectory is not sustainable. We are determined to achieve macroeconomic stability, have a strong currency, low inflation. But to do that, we must make sure that the energy sector does not destabilise the economy,” he asserted.
Watch the video below:
Watch how President Mahama assents to Energy Sector Levy Amendment Bill 2025
D-Levy: A Solution for Power Fluctuations. pic.twitter.com/44ab5OPDRt
— Popo🇰🇼🇬🇭 (@Popony_J) June 5, 2025
