John Mahama assents to GHS1 fuel levy hike
President John Dramani Mahama has assented to the Energy Sector Levy (Amendment) Bill, 2025.
The bill which was passed by Parliament introduces a GHS1 increase in the levy on petroleum products.
The measure is expected to generate an additional 5.7 billion Ghana Cedis in revenue to help reduce energy sector debts and support stable power supply.
President John Mahama while assenting the bill into law in Accra on Thursday June 5 said the government is committed to addressing the energy sector crisis.
Ahead of the assent Mahama on June 4 defended the increase, describing it as a necessary and justifiable step to stabilise Ghana’s energy sector.
Speaking on the rationale behind the move, President Mahama acknowledged the public’s concerns but emphasised that the decision was crucial to securing Ghana’s energy future.
“This decision, though difficult, is necessary and justifiable,” he stated when the National Economic Dialogue Planning Committee presented its final report to him in Accra on Wednesday June 4.
He assured Ghanaians that the additional revenue would be ring-fenced and used exclusively to tackle critical issues in the energy sector.
“This revenue will be strictly ring-fenced to pay down legacy debts, finance ongoing fuel purchases, and avert the risk of recurring power shortages,” President Mahama explained.
