• Home
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
Sunday, June 8, 2025
No Result
View All Result
NEWSLETTER
The Overseers - Ghana No.1 News
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Sam George demands retraction and apology over “gifted lexus” allegation

    Data cost to reduce by end of year — Sam George

    Digital equality key to Ghana’s development – Sam George

    Digital equality key to Ghana’s development – Sam George

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Dr Bawumia Outlines Plans for a Robust Fisheries Industry

    Dr Bawumia Outlines Plans for a Robust Fisheries Industry

    Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    West Ham open to £65m Kudus Sale amid Newcastle interest

    West Ham open to £65m Kudus Sale amid Newcastle interest

    Man Utd close to signing Wolves’ Cunha

    Man Utd close to signing Wolves’ Cunha

    Pornhub and three other porn sites face EU child safety probe

    Pornhub and three other porn sites face EU child safety probe

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Akrobeto survives road accident near Konongo

    Akrobeto survives road accident near Konongo

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Lyrical Joe disappointed after losing TGMA rap performance award

    Lyrical Joe disappointed after losing TGMA rap performance award

    Barcelona beaten at home despite brilliant goals from Yamal, Fermin

    Barcelona beaten at home despite brilliant goals from Yamal, Fermin

    Inter Milan denied top spot after Pedro penalty in draw with Lazio

    Inter Milan denied top spot after Pedro penalty in draw with Lazio

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Operational hours at Kumasi, Tamale Airports extended

    Operational hours at Kumasi, Tamale Airports extended

    2025 Hajj: Two dead, five persons repatriated

    2025 Hajj: Two dead, five persons repatriated

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Ghana slashes visa application to 5 working days

    Ghana slashes visa application to 5 working days

    Railway operations unsustainable without private sector – Railway Authority Boss

    Railway operations unsustainable without private sector – Railway Authority Boss

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ministry of Health opens recruitment for Medical, Dental Officers

    Ministry of Health opens recruitment for Medical, Dental Officers

    FDA to Appeal Tobinco Ruling, Clarifies CEO Dr. Delese Darko Not Responsible for 2013 Actions

    FDA to Appeal Tobinco Ruling, Clarifies CEO Dr. Delese Darko Not Responsible for 2013 Actions

    Ghana Kidney Association praises free dialysis initiative, urges permanent support

    Ghana Kidney Association praises free dialysis initiative, urges permanent support

    Trending Tags

  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Sam George demands retraction and apology over “gifted lexus” allegation

    Data cost to reduce by end of year — Sam George

    Digital equality key to Ghana’s development – Sam George

    Digital equality key to Ghana’s development – Sam George

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Dr Bawumia Outlines Plans for a Robust Fisheries Industry

    Dr Bawumia Outlines Plans for a Robust Fisheries Industry

    Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    West Ham open to £65m Kudus Sale amid Newcastle interest

    West Ham open to £65m Kudus Sale amid Newcastle interest

    Man Utd close to signing Wolves’ Cunha

    Man Utd close to signing Wolves’ Cunha

    Pornhub and three other porn sites face EU child safety probe

    Pornhub and three other porn sites face EU child safety probe

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Akrobeto survives road accident near Konongo

    Akrobeto survives road accident near Konongo

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Lyrical Joe disappointed after losing TGMA rap performance award

    Lyrical Joe disappointed after losing TGMA rap performance award

    Barcelona beaten at home despite brilliant goals from Yamal, Fermin

    Barcelona beaten at home despite brilliant goals from Yamal, Fermin

    Inter Milan denied top spot after Pedro penalty in draw with Lazio

    Inter Milan denied top spot after Pedro penalty in draw with Lazio

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Operational hours at Kumasi, Tamale Airports extended

    Operational hours at Kumasi, Tamale Airports extended

    2025 Hajj: Two dead, five persons repatriated

    2025 Hajj: Two dead, five persons repatriated

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Ghana slashes visa application to 5 working days

    Ghana slashes visa application to 5 working days

    Railway operations unsustainable without private sector – Railway Authority Boss

    Railway operations unsustainable without private sector – Railway Authority Boss

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ministry of Health opens recruitment for Medical, Dental Officers

    Ministry of Health opens recruitment for Medical, Dental Officers

    FDA to Appeal Tobinco Ruling, Clarifies CEO Dr. Delese Darko Not Responsible for 2013 Actions

    FDA to Appeal Tobinco Ruling, Clarifies CEO Dr. Delese Darko Not Responsible for 2013 Actions

    Ghana Kidney Association praises free dialysis initiative, urges permanent support

    Ghana Kidney Association praises free dialysis initiative, urges permanent support

    Trending Tags

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

GH¢1 fuel tax due to reckless actions by past gov’t – Energy Ministry

by theoverseer
June 5, 2025
in Energy, National, Politics
0
GH¢1 fuel tax due to reckless actions by past gov’t – Energy Ministry
0
SHARES
123
VIEWS
Share on FacebookShare on Twitter

The Ministry of Energy has responded to critics who have accused the government of short-changing Ghanaians following the recent passage of the Energy Sector Levy (Amendment) Bill, 2025.

The bill, approved by Parliament on Tuesday, introduces a GHS1 tax on all petroleum products as part of government efforts to rescue Ghana’s struggling energy sector, which is currently burdened with debts estimated at $3.1 billion.

While some Ghanaians have expressed concerns over the potential impact of the levy, many agree that the tax would be acceptable if used transparently and for its intended purpose—to stabilise the energy sector and ensure consistent power supply.

Finance Minister Dr. Cassiel Ato Forson, who moved the bill, explained that the effect of the new tax would be neutralised by recent gains made by the Ghanaian cedi.

He noted that consumers are unlikely to experience a rise in fuel prices at the pumps as a result.

However, the bill sparked strong resistance from the Minority in Parliament, with Minority Leader Alexander Afenyo-Markin accusing the government of reneging on its promise in the 2025 budget not to introduce any new taxes.

The Minority staged a walkout during the bill’s passage, calling it ill-timed and insensitive to current economic hardships.

Responding to the backlash, the Head of Communications at the Ministry of Energy, Richmond Rockson Esq., on Morning Starr with Naa Dedei Tettey addressed the issue.

He emphasised that the government had widely consulted stakeholders before proposing the levy, describing it as the only viable intervention to save the energy sector from collapse.

Rockson blamed the previous government for what he called reckless management of the sector, citing key issues.

He highlighted an excessive procurement costs, poor handling of Electricity Company of Ghana (ECG) contracts, and massive technical and commercial losses—currently estimated at 40 percent.

Rockson added that Ghana’s Independent Power Producer (IPP) debts alone stand at nearly \$2 billion, with the sector facing a monthly deficit of over GHS2 billion.

“With governance, you assess the situation as you move on. And I’ve seen that there’s a deliberate attempt by people to equate this to some taxes that have been abolished. If we did not have this challenge, there’s absolutely no way this would have been introduced. If there were alternatives, it would have consulted wisely. The ministry has consulted wisely with stakeholders. Every sector player will tell you that there’s been engagement on how to deal with the power sector challenges.

“If this challenge – if someone was not reckless with procurement, with ECG, if someone was not – if we’re not ATC – Aggregate, Technical and Commercial loss of about 40 percent, we wouldn’t be where we are today. If the IPP debts were not as it is now, almost $2 billion, if we didn’t have 80 billion cedis, we didn’t have a deficit of about 2 billion cedis each month, there’s no way governments would introduce this net. There wouldn’t be any business for that. But if you have a sector saddled with debt, a recurring expenditure like fuels, and you don’t have any dedicated fund for it, it becomes difficult.”

“So the government of Ghana is calling on the people that shoulder the burden government. Fortunately, gains have been made. So it’s not as if fuel prices were at 17 and you are adding one CV to it. They moved from 17 to 11 and 12. So if these interventions are made, we are asking that the people, that they support the government through these difficult times to ensure that these structural changes are made and are moving forward. There will be light at the tunnel.”

Source: Starrfmghana
Tags: Energy MinsitryGhana NewsGHS1 fuel taxRichmond Rockson
theoverseer

theoverseer

Related Posts

President Mahama assents to Energy Sector levy

President Mahama assents to Energy Sector levy

by theoverseer
June 5, 2025
0

President John Dramani Mahama has officially signed into law the Energy Sector Levy (Amendment) Bill, 2025, a measure the government...

NDC to rename HQ after Rawlings, declare June as “NDC Month”

NDC to rename HQ after Rawlings, declare June as “NDC Month”

by theoverseer
June 5, 2025
0

The National Democratic Congress (NDC) is set to rename the party's headquarters after late former President Jerry John Rawlings as...

Cedi gains will absorb impact of GH¢1 fuel – Ato Forson assures

Cedi gains will absorb impact of GH¢1 fuel – Ato Forson assures

by theoverseer
June 5, 2025
0

Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the newly approved GHS1 levy on petroleum products will not...

Illegal miners cleared from eight out of nine forest reserves – Mahama

GH¢1 fuel levy a tough but a necessity – Mahama

by theoverseer
June 5, 2025
0

President John Dramani Mahama has defended the newly introduced GH¢1 fuel levy, describing it as a difficult but essential policy...

Wontumi released after meeting GH₵50m bail conditions

Wontumi reports to EOCO as investigations continue

by theoverseer
June 4, 2025
0

Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi, is expected to...

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

by theoverseer
June 4, 2025
0

Ghana has secured the top position in Africa’s medicines regulation space, following the election of the Chief Executive Officer of...

Next Post
Ghana signs major energy agreement to extend oil production licences to 2040

Ghana signs major energy agreement to extend oil production licences to 2040

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

            Abass-Adams Nurudeen appointed  Ag. CEO of Social Investment Fund

            Abass-Adams Nurudeen appointed  Ag. CEO of Social Investment Fund

4 months ago
John Kumah Was a Selfless Person With a Good Heart -Bawumia Mourns John Kumah

John Kumah Was a Selfless Person With a Good Heart -Bawumia Mourns John Kumah

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.