IMF welcomes GH¢1 fuel levy

IMF backs GHC1 fuel levy on petroleum products

By: Franklin ASARE-DONKOH The International Monetary Fund (IMF) has expressed full support for the government’s introduction of a GHC1 levy on every litre of petroleum products. According to the Director of the IMF’s Communications Department, Julie Kozack, the measure is a strategic step toward addressing long-standing debts and financial shortfalls in the energy sector. Speaking at a press briefing, Madam Kozack described the levy as aligned w…

IMF backs Mahama administration’s controversial GH¢1 increase in fuel tax

The IMF endorsed the government's GH¢1 increase in the Energy Sector Levy, describing it as a strategic measure aligned with the country’s fiscal goals.

IMF welcomes GH¢1 fuel levy

The International Monetary Fund (IMF) has described as prudent the government’s decision to increase the  Energy Sector Levy on each litre of petroleum products in Ghana. The IMF argues that if the move could help in reducing the energy sector debt and improve Ghana’s fiscal deficit situation, then the initiative should be welcomed. Speaking at a […] The post IMF welcomes GH¢1 fuel levy appeared first on Ghanamma.com.

Policy Analysis by CERPA: The GH¢1 Question: Is Ghana’s new fuel levy a sustainable path to energy sector reform?

Policy Analysis by CERPA Background Ghana’s energy sector has long faced significant challenges that threaten its efficiency, reliability, and long-term sustainability. A major issue confronting the sector is its accumulation of substantial debt, commonly referred to as legacy debt. These debts represent substantial unpaid obligations that have built up over time across various institutions within the sector. The origins of Ghana’s legacy debt …