The Ghana Revenue Authority (GRA) has officially deferred the rollout of the contentious Energy Sector Shortfall and Debt Repayment Levy by one week, shifting the implementation date from June 9 to June 16, 2025.
The move comes after strong opposition from the Chamber of Oil Marketing Companies (COMAC), which warned that the GH₵1-per-litre levy could significantly increase fuel prices and worsen the financial strain on consumers.
In response to growing industry concerns, the GRA confirmed that it had engaged with stakeholders and reached a consensus to allow for a smoother rollout.
Speaking to Citi News, a GRA representative explained the basis of the new decision:
“The association has concerns with the 9 June implementation date. We have discussed with their leadership in the spirit of cordiality and partnership and have agreed a new start date of 16 June.”
The levy, which forms part of the government’s broader strategy to address financial shortfalls in the energy sector and repay sector-related debts, has faced resistance due to fears it could destabilise the already fragile downstream petroleum market.
Stakeholders argue that there was inadequate industry consultation before the initial announcement.
As outlined in the GRA’s directive signed by Commissioner-General Anthony Kwasi Sarpong, the revised levy rates will affect a range of petroleum products as follows: the charge on Motor Spirit (Super Petrol) will increase from GH₵0.95 to GH₵1.95 per litre; AGO/Diesel and Marine Gas Oil (Foreign) from GH₵0.93 to GH₵1.93; Marine Gas Oil (Local) will rise from GH₵0.03 to GH₵0.23; and Heavy Fuel Oil (Residual Fuel Oil – RFO) will move from GH₵0.04 to GH₵0.24.
Additionally, the rate for Partially Refined Oil (Naphtha) will also double to GH₵1.95 per litre.
NKONKONSA.com
