Consumers are going to pay GH¢1 per every one litre of fuel purchased following the Parliamentary approval of the Energy Sector Levy (Amendment) Bill, 2025, which was introduced in Parliament on Tuesday, [June 3, 2025] under a certificate of urgency by the Minister of Finance, Dr Cassiel Ato Forson.
The Minister explained that this is to help address energy sector shortfalls and debt repayment.
The bill, titled the Energy Sector Levies (Amendment) Bill, 2025, asked for an upward adjustment in the Energy Sector Shortfall and Debt Repayment Levy to raise additional revenue to support the payment of energy sector arrears, reduce legacy debt, and ensure stable power supply across the country.
The bill was formally read for the first time in the House and was immediately referred to the Finance Committee for consideration and report. It was later approved same day it was introduced.
Explaining the rationale behind the bill, Dr Forson told Parliament that the energy sector currently posed the greatest economic and fiscal threat to the country, warning that failure to address its mounting challenges could result in a full-blown crisis.
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.
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.
