President John Dramani Mahama has stated that the ₵1 ‘dumsor levy’ was a difficult but necessary decision.
According to John Mahama, Ghana must take advantage of recent gains created by appreciation in the value to accelerate solutions to our energy sector challenges.
He asserted that the ₵1 energy sector levy won’t result in an increase in fuel prices.
Speaking at the Jubilee House on Tuesday during the presentation of the final report of the National Economic Dialogue 2025, John Mahama stated, “This was not a decision we took lightly. Though difficult, it is necessary and justifiable.”
He added, “ We must take advantage of recent gains created by appreciation in the value of our currency to accelerate the solution to our energy sector challenges”.
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.
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.
President John Mahama has come to the defence the GH¢1 energy sector levy, describing it as a necessary measure to tackle the sector’s significant legacy debts and ensure stability.
He emphasized that the levy will help generate revenue to pay off debts accumulated over time,… pic.twitter.com/etDw6LiDiu
— SIKAOFFICIAL🦍 (@SIKAOFFICIAL1) June 4, 2025
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