The government has announced that the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), will officially commence on Wednesday, July 16, 2025. Apexnewsgh reports
The decision was made in consultation with the Ministry of Finance and the Ministry of Energy, following a comprehensive review of current market indicators.
The amended law introduces revised rates for the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) across several petroleum products. These changes are expected to help close funding gaps and support the repayment of legacy debts in the energy sector. The revised rates include an increase in the levy on petrol (PMI) from GH¢0.95 to GH¢1.95 per liter, and an increase in the levy on diesel (AGO) from GH¢0.93 to GH¢1.93 per liter.
The Ghana Revenue Authority (GRA) has encouraged stakeholders in the petroleum downstream sector to take note of the new rates and make the necessary adjustments to their pricing structures ahead of the effective date. The GRA also noted that the revised levies are expected to generate additional revenue to help settle outstanding debts and support critical energy infrastructure.
The Energy Sector Levies were originally introduced to address persistent financial shortfalls in the energy sector. Officials say they will continue to monitor the impact of the revised levies and maintain engagement with industry players to ensure smooth implementation.
The commencement of the Energy Sector Levies (Amendment) Act is expected to have a significant impact on the energy sector, and the government is working to ensure a seamless transition. The revised levies are part of the government’s broader efforts to maintain economic stability while addressing the financial needs of the energy sector.
Source: Apexnewsgh.com/Ngamegbulam Chidozie Stephen
