The Ghana Revenue Authority (GRA) has announced that it will officially roll out the newly introduced GH¢1 Energy Sector Levy on all petroleum products from Wednesday, July 16, 2025.
This follows months of consultations and two postponements aimed at monitoring global market conditions and safeguarding recent stability in domestic fuel prices.
GRA in a statement dated July 1, confirmed that all necessary arrangements have been concluded for the policy’s rollout.
The revised levy is expected to raise additional revenue to help address energy sector shortfalls and repay accumulated debts, which have long burdened the country’s energy sector.
The announcement comes after extensive engagements with stakeholders, including the Ministry of Finance, Ministry of Energy and Green Transition, the National Petroleum Authority (NPA), and key industry players.
The new levy introduces revised rates under the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) on selected petroleum products. The changes are as follows:
| HS Code | Product Description | Known Name | Old Rate (GHS) | New Rate (GHS) |
|---|---|---|---|---|
| 2710124000 | Motor spirit, super | Petrol (PMS) | 0.95 | 1.95 |
| 2710192100 | Gas oil | Diesel (AGO) | 0.93 | 1.93 |
| 2710192100 | Marine Gas Oil (Local) | MGO – Local | 0.03 | 0.23 |
| 2710192100 | Marine Gas Oil (Foreign) | MGO – Foreign | 0.93 | 1.93 |
| 2710192400 | Heavy fuel oil | Residual Fuel Oil (RFO) | 0.04 | 0.24 |
The policy, which faced initial resistance from transport unions, the Chamber of Oil Marketing Companies (COMAC), and other stakeholders, was originally scheduled to take effect on June 9, 2025.
Following pushback, it was postponed to June 16, but further consultations led to another suspension.
In the latest statement, signed by GRA Commissioner-General Anthony Kwasi Sarpong, the Authority explained that the delays were necessary to allow for a comprehensive assessment of market conditions and to avoid disrupting recent improvements in fuel prices.
A portion of the statement read, Reference is made to our previous communication dated 13th June 2025, which announced the postponement of the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141). This decision was taken in consultation with the Ministry of Finance and the Ministry of Energy to allow for a comprehensive monitoring of global market conditions and to safeguard recent gains in domestic pump prices.”
It continued, “We are pleased to inform you that, following a thorough review of prevailing market indicators and in line with the government’s commitment to ensuring stable economic conditions, the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), will now commence, effective 16th July 2025.”
The GRA has directed all ports, petroleum stations, and relevant stakeholders to take note of the new effective date and ensure full compliance.
Source: Ghana/Starrfm.com.gh/Hamdia Mohammed
