• Home
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
Friday, October 23, 2026
No Result
View All Result
NEWSLETTER
The Overseers - Ghana No.1 News
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    Forged certificates: Jatikay Centre demands prosecution, urgent audit of security recruitment

    ‘We cannot arrest our way out’ – Jatikay Centre calls for broader fight against cyber fraud

    Technical issues affecting tax payments being resolved – GRA apologises

    Technical issues affecting tax payments being resolved – GRA apologises

    NIA warns: It’s now illegal to photocopy Ghana Card for transactions

    NIA warns: It’s now illegal to photocopy Ghana Card for transactions

    CSA: Online investment scams cost Ghanaians GH¢3.4m in first half of 2026

    CSA: Online investment scams cost Ghanaians GH¢3.4m in first half of 2026

    Diaspora Ghanaian donates protective gear to support anti-illegal mining operations

    Diaspora Ghanaian donates protective gear to support anti-illegal mining operations

    MTN Ghana reduces fibre broadband prices after gov’t engagement – Sam George

    MTN Ghana reduces fibre broadband prices after gov’t engagement – Sam George

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Dwight Yorke reaffirms interest in Black Stars coaching job

    Dwight Yorke reaffirms interest in Black Stars coaching job

    Shatta Wale sends financial support to family of Police officer involved in fatal accident after ShattaFest

    Shatta Wale sends financial support to family of Police officer involved in fatal accident after ShattaFest

    Tourism Minister launches December in GH 2026 events calendar

    Tourism Minister launches December in GH 2026 events calendar

    GFA targets November for appointment of substantive Black Stars coach

    GFA targets November for appointment of substantive Black Stars coach

    Spotify brings audiobooks to Ghana

    Spotify brings audiobooks to Ghana

    Black Queens coach to lead Black Stars for November AFCON qualifiers

    Black Queens coach to lead Black Stars for November AFCON qualifiers

    Joy FM tops music rights payment  list

    Joy FM tops music rights payment list

    Kofi Adams rejects Minority’s calls for his dismissal over World Cup visa controversy

    Kofi Adams rejects Minority’s calls for his dismissal over World Cup visa controversy

    Ex-gang boss sentenced to 40 years for orchestrating Tupac Shakur’s murder

    Ex-gang boss sentenced to 40 years for orchestrating Tupac Shakur’s murder

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Ghana, US partners discuss Hearing Care and Cochlear Implant Centre

    Ghana, US partners discuss Hearing Care and Cochlear Implant Centre

    Nigeria confirms Ebola case in Abuja

    Nigeria confirms Ebola case in Abuja

    Health Minister unveils real-time bed monitoring system to tackle ‘No Bed Syndrome’

    Health Minister unveils real-time bed monitoring system to tackle ‘No Bed Syndrome’

    Transport operators threaten nationwide strike over rising operational costs

    Federation of Ghana Traders warns commercial drivers against vigilante activities at bus stops

    Otublohum Mantse Ankrah returns to Denkyira after 365 years

    Otublohum Mantse Ankrah returns to Denkyira after 365 years

    W/R:NHIA urges Jomoro to boost NHIS enrolment as new district office opens

    W/R:NHIA urges Jomoro to boost NHIS enrolment as new district office opens

    DVLA prints 440,000 driver’s licence applications to clear backlog

    DVLA prints 440,000 driver’s licence applications to clear backlog

    Nigerian traditional ruler reportedly dies afer liposuction procedure

    Nigerian traditional ruler reportedly dies afer liposuction procedure

    GMTF brings hope to cancer patients and families in Central Region

    GMTF brings hope to cancer patients and families in Central Region

    Mahama to meet stakeholders over Aayalolo contra-flow system

    Mahama to meet stakeholders over Aayalolo contra-flow system

    Trending Tags

  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    Forged certificates: Jatikay Centre demands prosecution, urgent audit of security recruitment

    ‘We cannot arrest our way out’ – Jatikay Centre calls for broader fight against cyber fraud

    Technical issues affecting tax payments being resolved – GRA apologises

    Technical issues affecting tax payments being resolved – GRA apologises

    NIA warns: It’s now illegal to photocopy Ghana Card for transactions

    NIA warns: It’s now illegal to photocopy Ghana Card for transactions

    CSA: Online investment scams cost Ghanaians GH¢3.4m in first half of 2026

    CSA: Online investment scams cost Ghanaians GH¢3.4m in first half of 2026

    Diaspora Ghanaian donates protective gear to support anti-illegal mining operations

    Diaspora Ghanaian donates protective gear to support anti-illegal mining operations

    MTN Ghana reduces fibre broadband prices after gov’t engagement – Sam George

    MTN Ghana reduces fibre broadband prices after gov’t engagement – Sam George

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Dwight Yorke reaffirms interest in Black Stars coaching job

    Dwight Yorke reaffirms interest in Black Stars coaching job

    Shatta Wale sends financial support to family of Police officer involved in fatal accident after ShattaFest

    Shatta Wale sends financial support to family of Police officer involved in fatal accident after ShattaFest

    Tourism Minister launches December in GH 2026 events calendar

    Tourism Minister launches December in GH 2026 events calendar

    GFA targets November for appointment of substantive Black Stars coach

    GFA targets November for appointment of substantive Black Stars coach

    Spotify brings audiobooks to Ghana

    Spotify brings audiobooks to Ghana

    Black Queens coach to lead Black Stars for November AFCON qualifiers

    Black Queens coach to lead Black Stars for November AFCON qualifiers

    Joy FM tops music rights payment  list

    Joy FM tops music rights payment list

    Kofi Adams rejects Minority’s calls for his dismissal over World Cup visa controversy

    Kofi Adams rejects Minority’s calls for his dismissal over World Cup visa controversy

    Ex-gang boss sentenced to 40 years for orchestrating Tupac Shakur’s murder

    Ex-gang boss sentenced to 40 years for orchestrating Tupac Shakur’s murder

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Ghana, US partners discuss Hearing Care and Cochlear Implant Centre

    Ghana, US partners discuss Hearing Care and Cochlear Implant Centre

    Nigeria confirms Ebola case in Abuja

    Nigeria confirms Ebola case in Abuja

    Health Minister unveils real-time bed monitoring system to tackle ‘No Bed Syndrome’

    Health Minister unveils real-time bed monitoring system to tackle ‘No Bed Syndrome’

    Transport operators threaten nationwide strike over rising operational costs

    Federation of Ghana Traders warns commercial drivers against vigilante activities at bus stops

    Otublohum Mantse Ankrah returns to Denkyira after 365 years

    Otublohum Mantse Ankrah returns to Denkyira after 365 years

    W/R:NHIA urges Jomoro to boost NHIS enrolment as new district office opens

    W/R:NHIA urges Jomoro to boost NHIS enrolment as new district office opens

    DVLA prints 440,000 driver’s licence applications to clear backlog

    DVLA prints 440,000 driver’s licence applications to clear backlog

    Nigerian traditional ruler reportedly dies afer liposuction procedure

    Nigerian traditional ruler reportedly dies afer liposuction procedure

    GMTF brings hope to cancer patients and families in Central Region

    GMTF brings hope to cancer patients and families in Central Region

    Mahama to meet stakeholders over Aayalolo contra-flow system

    Mahama to meet stakeholders over Aayalolo contra-flow system

    Trending Tags

No Result
View All Result
The Overseers - Ghana No.1 News
No Result
View All Result
Home Business

Energy Levy generated GHS8.81 billion in 2025 as gov’t spent GHS22.67 billion to support power sector

by theoverseeronline.com
June 24, 2026
in Business
0
Energy Levy generated GHS8.81 billion in 2025 as gov’t spent GHS22.67 billion to support power sector
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The government has disclosed that the Energy Sector Shortfall and Debt Repayment Levy generated GHS8.81 billion in revenue during the 2025 fiscal year, with the proceeds directed into the Energy Sector Support Account to address financial obligations within the energy sector.

The figures were presented to Parliament on Tuesday, June 23, 2026, by the Minister for Finance, Dr Cassiel Ato Forson, as part of the annual report on the management and utilisation of the levy.

The levy, which imposes a charge of GHS1 per litre on selected petroleum products, was introduced to raise funds for fuel procurement for thermal power generation and to facilitate the repayment of accumulated debts within the energy sector.

According to the report, the GHS8.81 billion collected during the year was supplemented by a carried-forward balance of GHS1.26 billion, bringing the total funds available in the Energy Sector Support Account to GHS10.07 billion.

Of this amount, the government utilised GHS9.82 billion to address key sector obligations.

The expenditure included GHS6.32 billion used to finance critical energy sector shortfalls and GHS3.52 billion allocated to the repayment of legacy debts in accordance with the provisions of Act 1135.

Following the disbursements, the Energy Sector Support Account recorded a closing balance of GHS252.23 million as of December 31, 2025.

Despite the significant revenue generated through the levy, the funds were insufficient to meet the energy sector’s total financial requirements for the year.

To bridge the gap, the Controller and Accountant General’s Department transferred an additional GHS12.85 billion from the Treasury Main Account to support energy sector operations and debt obligations.

As a result, total government spending on the energy sector in 2025 reached GHS22.67 billion when expenditures from both the Energy Sector Support Account and the Treasury Main Account are combined.

The management of the energy levy has frequently attracted scrutiny from Civil Society Organisations and stakeholders within the energy sector, many of whom have called for greater transparency and accountability in the use of petroleum-related taxes.

However, the government defended its administration of the funds in the report, stressing that the levy has played a critical role in addressing persistent sector deficits, supporting power generation, and enhancing the reliability of electricity supply across the country.

The Finance Ministry maintained that the continued application of the levy remains an important component of efforts to stabilise the energy sector and manage longstanding financial challenges facing the industry.

Tags: Ato Forson
theoverseeronline.com

theoverseeronline.com

Related Posts

TOR hosts Uganda Revenue Authority delegation for refinery knowledge exchange

TOR hosts Uganda Revenue Authority delegation for refinery knowledge exchange

by theoverseeronline.com
October 22, 2026
0

The Tema Oil Refinery (TOR) has hosted a delegation from the Uganda Revenue Authority (URA), accompanied by its Petroleum Commission...

Mahama to lead government to welcome global investors at maiden Invest Ghana Summit ’26

Mahama to lead government to welcome global investors at maiden Invest Ghana Summit ’26

by theoverseeronline.com
October 22, 2026
0

President John Dramani Mahama is expected to lead government officials and global investors at the maiden Invest Ghana Summit ’26,...

YEA calls for review of Communication Service Tax funding cap

YEA calls for review of Communication Service Tax funding cap

by theoverseeronline.com
October 21, 2026
0

The Youth Employment Agency (YEA) is calling for a review of the funding cap affecting revenue from the Communication Service...

YEA targets 11,200 beneficiaries under US$3.6m AfDB-backed programme

YEA targets 11,200 beneficiaries under US$3.6m AfDB-backed programme

by theoverseeronline.com
October 21, 2026
0

The Youth Employment Agency (YEA) is preparing to train and create employment opportunities for 11,200 beneficiaries under the Ghana Women...

YEA increases monthly beneficiary allowances to GH¢800 – Basintale

YEA increases monthly beneficiary allowances to GH¢800 – Basintale

by theoverseeronline.com
October 21, 2026
0

The Youth Employment Agency (YEA) has increased monthly allowances for its beneficiaries from GH¢500 to GH¢800, representing a 60% increment,...

MIIF CEO calls for investment and regional cooperation to unlock Africa’s mineral wealth

MIIF CEO calls for investment and regional cooperation to unlock Africa’s mineral wealth

by theoverseeronline.com
October 21, 2026
0

The Chief Executive Officer(CEO) of the Minerals Income Investment Fund (MIIF), Mrs Justina Nelson, has emphasised the need for increased...

Next Post
Shai Osudoku Assembly launches digital revenue system to boost IGF

Shai Osudoku Assembly launches digital revenue system to boost IGF

Recommended

Your money is safe as long as I’m Finance Minister – Ato Forson tells Ghanaians

IMF approves final review as Ghana completes $3bn bailout programme

3 months ago
Ghana’s FDA boss appointed Head of African Medicines Agency of African Union

Ghana’s FDA boss appointed Head of African Medicines Agency of African Union

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact
    Call us: +23320000000

    © 2024 The Overseer News - Powered By The Overseers The Overseer News.

    No Result
    View All Result
    • Home
    • Politics
    • World
    • Business
    • Science
    • National
    • Entertainment
    • Gaming
    • Movie
    • Music
    • Sports
    • Fashion
    • Lifestyle
    • Travel
    • Tech
    • Health
    • Food

    © 2024 The Overseer News - Powered By The Overseers The Overseer News.