The Ghana Revenue Authority (GRA) has announced a one-week delay in implementing the Energy Sector Shortfall and Debt Repayment Levy, following concerns raised by oil marketing companies.
The levy, initially set to take effect on June 9, will now be implemented on June 16.
The Chamber of Oil Marketing Companies (COMAC) had expressed reservations about the timing and potential impact of the levy on fuel prices and consumer burden. After discussions with the GRA, a new implementation date was agreed upon.
Key Details of the Levy:
– *New Rates:*
– Motor Spirit (Super Petrol): GHC 1.95 per liter (up from GHC 0.95)
– AGO/Diesel and Marine Gas Oil (Foreign): GHC 1.93 per liter (up from GHC 0.93)
– Marine Gas Oil (Local): GHC 0.23 per liter (up from GHC 0.03)
– Heavy Fuel Oil (Residual Fuel Oil – RFO): GHC 0.24 per liter (up from GHC 0.04)
– Partially Refined Oil (Naphtha): GHC 1.95 per liter (up from GHC 0.95)
– Liquefied Petroleum Gas (LPG): No change, remains at GHC 0.73
– *Transitional Arrangements:*
– Products lifted before June 16, 2025, will be subject to old levy rates
– “Cash-and-carry” transactions lifted on or after June 1, 2025, will be subject to new rates
The GRA has urged all ports and fuel stations to strictly comply with the new directive, signed by Commissioner-General Anthony Kwasi Sarpong.