New Fuel Levy Implementation To Start on Monday, June 9

The Ghana Revenue Authority (GRA) has announced new levy rates on petroleum products, effective Monday, June 9, 2025, under the revised Energy Sector Levies Act, 2025 (Act 1141).

The announcement was made through Tariff Interpretation Order (TIO) No. 2025/003, which seeks to clarify and enforce the implementation of the Energy Sector Levies (Amendment) Act.

The Act was introduced to raise additional revenue to address energy sector shortfalls, reduce legacy debts, and stabilise the country’s power supply.

The GRA directive outlines significant increases in the Energy Sector Shortfall and Debt Repayment Levy on a range of petroleum products, including petrol, diesel, marine gas oil, and heavy fuel oil.

The new rates apply to all petroleum products not lifted before June 9, 2025.

However, transitional arrangements have been put in place:

  1. Products lifted by a Petroleum Product Marketing Company (PPMC) before June 9 will still be subject to the old levy rates.
  2. Any “cash-and-carry” transactions by PMMCs, for which products are lifted on or after June 1, 2025, will be subject to the new rates.

Commissioner-General of the GRA, Anthony Kwasi Sarpong, signed the directive and urged all ports and fuel stations to strictly comply.

The Bioland Clearing House Mechanism (CHM) platform is expected to complement the initiative by improving transparency and coordination in national energy and environmental planning.

Source:channel247online.com

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