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President John Dramani Mahama has explained that the recent GHS1 increase in the fuel levy is a vital step aimed at ensuring long-term stability in Ghana’s energy sector.
Addressing the issue during the presentation of the National Economic Dialogue Planning Committee’s final report on Wednesday, June 4, President Mahama acknowledged the concerns raised by the public but stressed that the move was essential for the country’s energy future.
“Although this was a tough choice, it is both necessary and justified,” he remarked.
The President highlighted that the revised levy is expected to bring in about GHS5.7 billion each year. He assured citizens that these funds will be strictly allocated for energy-related expenses only.
“The revenue will be securely managed to clear outstanding energy sector debts, support ongoing fuel procurement, and prevent the return of power outages,” he said.
This levy is a key component of the Energy Sector Levy (Amendment) Bill, 2025, which was recently approved. The legislation seeks to resolve deep-rooted financial issues in the power sector, currently burdened by debts exceeding $3 billion.
According to government representatives, such measures are critical. Without them, Ghana risks facing further disruptions in electricity supply—an outcome that could threaten economic progress and undermine public trust.
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