The GHS1 rise in the fuel charge has been justified by President John Dramani Mahama, who has called it an essential and reasonable measure to stabilize Ghana’s energy sector.
Speaking about the reasoning for the decision, President Mahama emphasized that while he acknowledged the public’s worries, the decision was essential to ensuring Ghana’s energy future.
“This decision, though difficult, is necessary and justifiable,” he said on Wednesday, June 4, during the National Economic Dialogue Planning Committee’s final report presentation to him in Accra.
The President restated that it was anticipated that the fee will bring in an estimated GHS5.7 billion each year.
He gave Ghanaians his word that the extra money would be ring-fenced and utilized only to address pressing energy-related challenges.
President Mahama clarified that this cash would be “strictly ring-fenced to pay down legacy debts, finance ongoing fuel purchases, and avert the risk of recurring power shortages.”
The levy, which is one of the provisions stated in the recently passed Energy Sector Levy (Amendment) Bill, 2025, intends to solve the power sector’s long-standing financial difficulties, as it now has over $3 billion in debt.
According to government authorities, the nation runs the risk of experiencing more power supply instability in the absence of such actions, which they claim will impede public trust and economic growth.
Source: newsthemegh.com