• Home
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
Wednesday, May 6, 2026
No Result
View All Result
NEWSLETTER
The Overseers - Ghana No.1 News
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    GIFEC donates laptops to support One Million Coders Programme

    GIFEC donates laptops to support One Million Coders Programme

    GIFEC leadership meets Ga Mantse, donates computers to boost digital access

    GIFEC leadership meets Ga Mantse, donates computers to boost digital access

    Ghana to launch AI tools in Twi, Ewe, Dagbani, and Hausa in schools – Education Minister

    Ghana to launch AI tools in Twi, Ewe, Dagbani, and Hausa in schools – Education Minister

    Gov’t applauds NIB mobile app launch, calls on Ghanaians to embrace digital banking

    Gov’t applauds NIB mobile app launch, calls on Ghanaians to embrace digital banking

    TechExpo Africa 2025: Ghana reaffirms push for African control of AI future

    TechExpo Africa 2025: Ghana reaffirms push for African control of AI future

    Ghana joins global alliance to combat disinformation -Mahama calls for collective action

    Ghana joins global alliance to combat disinformation -Mahama calls for collective action

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Chelsea sack coach Liam Rosenior just three months after appointment

    Chelsea sack coach Liam Rosenior just three months after appointment

    Carlos Queiroz takes over as Black Stars coach ahead of 2026 World Cup

    Carlos Queiroz takes over as Black Stars coach ahead of 2026 World Cup

    Berekum Chelsea player shot dead in armed robbery attack on Bibiani–Goaso road

    Berekum Chelsea player shot dead in armed robbery attack on Bibiani–Goaso road

    GFA sacks Otto Addo after Black Stars’ back-to-back defeats

    GFA sacks Otto Addo after Black Stars’ back-to-back defeats

    All I said about Ekow Assaufuah is a lie – TikToker Lopez apologises

    All I said about Ekow Assaufuah is a lie – TikToker Lopez apologises

    AFCON 2025: CAF strips Senegal of title, declares Morocco winners 3–0

    AFCON 2025: CAF strips Senegal of title, declares Morocco winners 3–0

    Black Queens safe, preparing for women’s AFCON – Sports Ministry

    Black Queens safe, preparing for women’s AFCON – Sports Ministry

    NYA warns against rising student violence at school sports events following SWESBUS clash

    NYA warns against rising student violence at school sports events following SWESBUS clash

    CAF fines Senegal and Morocco over misconduct, confirms Senegal as AFCON 2025 Champions

    CAF fines Senegal and Morocco over misconduct, confirms Senegal as AFCON 2025 Champions

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Traditional Medicine Practice Council closes down eight unlicensed herbal shops in Accra

    Traditional Medicine Practice Council closes down eight unlicensed herbal shops in Accra

    Free Primary Healthcare: Tricycles for outreach, not ambulance services – Mahama

    Free Primary Healthcare: Tricycles for outreach, not ambulance services – Mahama

    Mahama tours new cardiology centre at Tamale Teaching Hospital

    Mahama tours new cardiology centre at Tamale Teaching Hospital

    Mahama launches Free Primary Healthcare, says initiative will support NHIS

    Mahama launches Free Primary Healthcare, says initiative will support NHIS

    FDA, Fisheries Commission investigate fish mortality in Tema Shipyard

    FDA, Fisheries Commission investigate fish mortality in Tema Shipyard

    FDA begins closure of food businesses operating without hygiene permits

    FDA probes alleged use of plastic in frying plantain chips following viral claims

    11 injured in head-on collision on Cape Coast-Takoradi Highway

    11 injured in head-on collision on Cape Coast-Takoradi Highway

    FDA begins closure of food businesses operating without hygiene permits

    FDA warns against using cement to preserve beans

    A/R: Five journalists, 3 EPA officials survive road accident after anti-galamsey operation

    A/R: Five journalists, 3 EPA officials survive road accident after anti-galamsey operation

    MIIF wraps up breast cancer awareness month with staff education and engagement

    MIIF wraps up breast cancer awareness month with staff education and engagement

    Trending Tags

  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    GIFEC donates laptops to support One Million Coders Programme

    GIFEC donates laptops to support One Million Coders Programme

    GIFEC leadership meets Ga Mantse, donates computers to boost digital access

    GIFEC leadership meets Ga Mantse, donates computers to boost digital access

    Ghana to launch AI tools in Twi, Ewe, Dagbani, and Hausa in schools – Education Minister

    Ghana to launch AI tools in Twi, Ewe, Dagbani, and Hausa in schools – Education Minister

    Gov’t applauds NIB mobile app launch, calls on Ghanaians to embrace digital banking

    Gov’t applauds NIB mobile app launch, calls on Ghanaians to embrace digital banking

    TechExpo Africa 2025: Ghana reaffirms push for African control of AI future

    TechExpo Africa 2025: Ghana reaffirms push for African control of AI future

    Ghana joins global alliance to combat disinformation -Mahama calls for collective action

    Ghana joins global alliance to combat disinformation -Mahama calls for collective action

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Chelsea sack coach Liam Rosenior just three months after appointment

    Chelsea sack coach Liam Rosenior just three months after appointment

    Carlos Queiroz takes over as Black Stars coach ahead of 2026 World Cup

    Carlos Queiroz takes over as Black Stars coach ahead of 2026 World Cup

    Berekum Chelsea player shot dead in armed robbery attack on Bibiani–Goaso road

    Berekum Chelsea player shot dead in armed robbery attack on Bibiani–Goaso road

    GFA sacks Otto Addo after Black Stars’ back-to-back defeats

    GFA sacks Otto Addo after Black Stars’ back-to-back defeats

    All I said about Ekow Assaufuah is a lie – TikToker Lopez apologises

    All I said about Ekow Assaufuah is a lie – TikToker Lopez apologises

    AFCON 2025: CAF strips Senegal of title, declares Morocco winners 3–0

    AFCON 2025: CAF strips Senegal of title, declares Morocco winners 3–0

    Black Queens safe, preparing for women’s AFCON – Sports Ministry

    Black Queens safe, preparing for women’s AFCON – Sports Ministry

    NYA warns against rising student violence at school sports events following SWESBUS clash

    NYA warns against rising student violence at school sports events following SWESBUS clash

    CAF fines Senegal and Morocco over misconduct, confirms Senegal as AFCON 2025 Champions

    CAF fines Senegal and Morocco over misconduct, confirms Senegal as AFCON 2025 Champions

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Traditional Medicine Practice Council closes down eight unlicensed herbal shops in Accra

    Traditional Medicine Practice Council closes down eight unlicensed herbal shops in Accra

    Free Primary Healthcare: Tricycles for outreach, not ambulance services – Mahama

    Free Primary Healthcare: Tricycles for outreach, not ambulance services – Mahama

    Mahama tours new cardiology centre at Tamale Teaching Hospital

    Mahama tours new cardiology centre at Tamale Teaching Hospital

    Mahama launches Free Primary Healthcare, says initiative will support NHIS

    Mahama launches Free Primary Healthcare, says initiative will support NHIS

    FDA, Fisheries Commission investigate fish mortality in Tema Shipyard

    FDA, Fisheries Commission investigate fish mortality in Tema Shipyard

    FDA begins closure of food businesses operating without hygiene permits

    FDA probes alleged use of plastic in frying plantain chips following viral claims

    11 injured in head-on collision on Cape Coast-Takoradi Highway

    11 injured in head-on collision on Cape Coast-Takoradi Highway

    FDA begins closure of food businesses operating without hygiene permits

    FDA warns against using cement to preserve beans

    A/R: Five journalists, 3 EPA officials survive road accident after anti-galamsey operation

    A/R: Five journalists, 3 EPA officials survive road accident after anti-galamsey operation

    MIIF wraps up breast cancer awareness month with staff education and engagement

    MIIF wraps up breast cancer awareness month with staff education and engagement

    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
130
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

Betty Gains Momentum in NDC Women’s Organizer Race

Betty Gains Momentum in NDC Women’s Organizer Race

by Mawuli Innocent
May 4, 2026
0

Support for Seyram Betty Krosbi Mensah continues to gather momentum following reports that she is preparing to contest for the...

Mahama visits Akosombo following fire, applauds quick restoration work

Mahama visits Akosombo following fire, applauds quick restoration work

by theoverseer
April 30, 2026
0

President John Dramani Mahama has praised engineers of the Volta River Authority (VRA) and the Ghana Grid Company (GRIDCo) for...

Fourth Akosombo unit restored, boosting power supply recovery efforts

Fourth Akosombo unit restored, boosting power supply recovery efforts

by theoverseer
April 30, 2026
0

The fourth generation unit at the Akosombo Dam has been successfully restored, marking another key milestone in efforts to stabilise...

BoG MPC to hold 125th meeting July 21–23

Banking sector rebounds as assets hit GH¢465bn – BoG Report

by theoverseer
April 29, 2026
0

Ghana’s banking sector is regaining momentum, with total industry assets climbing to GH¢465.4 billion as of February 2026, according to...

Asiedu Nketia suspends North East “Thank You Tour” over security concerns

Asiedu Nketia suspends North East “Thank You Tour” over security concerns

by theoverseer
April 29, 2026
0

The National Chairman of the National Democratic Congress (National Democratic Congress), Johnson Asiedu Nketia, has suspended his planned “Thank You...

Crashed aircraft in Tema was private, not military — Deputy Defence Minister

Defence Ministry denies claims over allocation of military lands to Ibrahim Mahama

by theoverseer
April 29, 2026
0

Defence Ministry has rejected reports alleging that military lands have been handed over to the President’s brother, describing the claims...

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

Recommended

Mpox cases in Ghana rise to 79 – GHS

Mpox cases in Ghana hit 98 by June 16 – GHS confirms

11 months ago
Felix Kwakye Ofosu Defends Naa Momo, Claims Lateness to Swearing-In Event Was Unintentional”

Felix Kwakye Ofosu Defends Naa Momo, Claims Lateness to Swearing-In Event Was Unintentional”

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.