The Ghana
Revenue Authority (GRA) has officially postponed the implementation of the
controversial Energy Sector Shortfall and Debt Repayment Levy by one week. The
new start date is now set for June 16, 2025, moving from the original date of
June 9.
The delay
follows strong opposition from the Chamber of Oil Marketing Companies (COMAC),
which warned that the GH₵1-per-litre levy could significantly raise fuel prices
and increase financial hardship for consumers. In response, the GRA confirmed
that it had engaged with various stakeholders and reached a consensus to
facilitate a smoother rollout of the levy.
The levy is
part of the government’s broader strategy to address energy sector financial
shortfalls and to settle sector-related debts. However, industry concerns
center around the potential destabilization of the already fragile downstream
petroleum market.
Stakeholders
argue that there was inadequate consultation before the initial announcement,
fueling fears of negative economic impacts. The revised rates will apply to all
petroleum products not lifted before the new implementation date.
Revised Levy
Rates Under the New Directive:
Motor Spirit
(Super Petrol): from GH₵0.95 to GH₵1.95 per litre
AGO/Diesel
and Marine Gas Oil (Foreign): from GH₵0.93 to GH₵1.93 per litre
Marine Gas
Oil (Local): from GH₵0.03 to GH₵0.23 per litre
Heavy Fuel
Oil (Residual Fuel Oil – RFO): from GH₵0.04 to GH₵0.24 per litre
Partially
Refined Oil (Naphtha): from GH₵0.95 to GH₵1.95 per litre
Liquefied
Petroleum Gas (LPG): remains unchanged at GH₵0.73 per kilogram
To
facilitate a smooth transition, the GRA has issued specific guidelines:
petroleum products lifted by a Petroleum Product Marketing Company (PPMC) prior
to June 16 will continue to carry the previous levy rates. Conversely, any
“cash-and-carry” transactions involving products lifted on or after June 1 will
be subject to the new rates.
Commissioner-General
Anthony Kwasi Sarpong emphasized the importance of full compliance from all
stakeholders, especially port authorities and fuel stations, to ensure the
effective and seamless enforcement of the revised levy.
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