Ghana Proposes 1 Cedi Fuel Levy Hike to Tackle Energy Crisis

Ghana's Parliament Debates Energy Levy Hike: A 1 Cedi Increase Proposed to Tackle Energy Debt Ghana's Finance Minister, Dr. Cassiel Ato Forson, recently presented the Energy Sector Levy Amendment Bill, 2025, to Parliament. The bill proposes a significant 1 Ghana Cedi increase to the levy on petroleum products. This measure is intended to generate funds to alleviate the substantial $3.1 billion debt burden within the energy sector. Furthermore, the additional revenue aims to secure $1.2 billion for crucial fuel procurement, supporting the nation's thermal power generation capabilities. "The impact on consumers will be cushioned by recent gains made from the strong performance of the Ghana cedi," Dr. Forson assured Parliament. He emphasized that this levy is a dedicated funding source for the power sector and that the proceeds will be earmarked for essential fuel procurement. The debate surrounding the bill highlights the ongoing challenges faced by Ghana's energy sector and the government's efforts to address them. The proposed levy increase, while potentially impacting consumers, is presented as a necessary step to ensure stable electricity supply for the nation. Further parliamentary discussions will determine the bill's fate.