The revised Energy Sector Levy (Amendment) Act, 2025 (Act 1141), has officially come into force today, Wednesday, July 16, marking a significant shift in Ghana’s fuel pricing regime.
The implementation, led by the Ghana Revenue Authority (GRA), follows months of delay during which government agencies assessed global oil market dynamics and evaluated the impact of fuel costs on local consumers.
After extensive consultations between the Ministries of Finance and Energy, the government resolved to move forward with the levy, citing the need to maintain macroeconomic stability and close critical funding gaps in the energy sector.
Officials say the timing of the rollout is deliberate and aligns with broader fiscal consolidation efforts, especially as Ghana seeks to sustain recent economic recovery and fund essential energy infrastructure.
Under the revised law, rates for the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) have been increased on several petroleum products. The new structure is expected to boost government revenue earmarked for settling legacy debts and financing strategic energy projects across the country.
Authorities maintain that while the increases may affect pump prices in the short term, they are necessary to ensure the long-term viability and efficiency of the country’s energy supply chain.
Revised ESSDRL Rates Under Act 1141:
HS Code Product Description Common Name Old Rate (GHS/Litre) New Rate (GHS/Litre) 2710124000 Motor spirit, super Petrol (PMI) 0.95 1.95 2710192100 Gas oil Diesel (AGO) 0.93 1.93 2710192100 Gas oil Marine Gas Oil (Local) 0.03 0.23 2710192100 Gas oil Marine Gas Oil (Foreign) 0.93 1.93 2710192400 Heavy fuel oil Residual Fuel Oil (RFO) 0.04 Unchanged
