The Finance Minister, Dr. Cassiel Ato Forson, has submitted the Energy Sector Levy (Amendment) Bill, 2025, to Parliament, proposing a GH¢1 increase on petroleum product levies.
This adjustment aims to generate additional revenue to reduce Ghana’s ballooning energy sector debt and ensure a consistent power supply.
According to Dr. Forson, the country needs at least $3.7 billion to clear its current energy sector liabilities. Additionally, another $1.2 billion is required to procure fuel for thermal power generation throughout 2025.
“A minimum of $3.7 billion is needed to clean up the overall energy sector’s indebtedness for us to have a clean slate,” he stated on the floor of Parliament on June 3.
He added that the proposed fuel levy increase will not lead to higher pump prices due to the recent gains made by the Ghanaian cedi.
“The impact will be absorbed by the strong performance of the Ghana cedi. This means consumers will not have to pay extra for diesel and petrol, starting today,” he said.
The move is part of broader efforts to rescue the power sector from what officials describe as an “imminent collapse” if urgent financial measures are not taken.
