Ghana's Parliament Approves Energy Levy: No Price Hike for Consumers

Ghana's Parliament Passes Energy Levy Amendment: No Price Hike for Consumers Ghana's Parliament recently approved the Energy Sector Levy (Amendment) Bill, 2025, increasing the levy on petroleum products by GHS1 per litre. This decision, while potentially impacting consumers, has been mitigated by the government's assurance that the increase will not translate to higher fuel prices at the pump. Finance Minister, Dr. Cassiel Ato Forson, stated, "The impact will be absorbed by the gains made from the strong performance of the Ghana cedi." This statement indicates that the government anticipates that the strength of the Ghanaian currency will offset the increased levy, preventing any price increases for consumers. The additional revenue generated by the levy is earmarked for the power sector, aiming to address critical needs within the industry. This initiative underscores the government's commitment to stabilizing the energy sector and ensuring a reliable power supply for the nation. The bill's passage demonstrates a proactive approach to managing the energy sector's financial challenges while safeguarding consumers from immediate price increases.