GRA to implement GH¢1 fuel levy on July 16

Following a one-month suspension of the amended Energy Sector Levies Act, 2025 (Act 1141) popularly referred to as the fuel levy, the Ghana Revenue Authority (GRA) has announced that the levy will now take effect on Wednesday, July 16, 2025.

In a statement signed by Acting Commissioner-General Anthony Akwasi Sarpong and sighted by GhanaWeb Business, the GRA explained that the levy is designed to strengthen energy infrastructure financing and support the country’s economic stability.

Describing the measure as a critical revenue tool, the Authority noted that the decision to implement the levy follows consultations with the Ministries of Finance and Energy after a comprehensive review of current market indicators.

“Reference is made to our previous communication dated 13th June 2025, which announced the postponement of the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141). This decision was taken in consultation with the Ministry of Finance and the Ministry of Energy to allow for comprehensive monitoring of global market conditions and to safeguard recent gains in domestic pump prices,” the statement said.

“We are pleased to inform you that, following a thorough review of prevailing market indicators and in line with the government’s commitment to ensuring stable economic conditions, the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), will now commence, effective 16th July 2025.”

The GRA further urged stakeholders in the petroleum downstream sector to take note of the revised rates and make the necessary adjustments to their pricing structures ahead of the implementation date.

SA

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