Audio By Carbonatix
The government and the Chamber of Oil Marketing Companies (COMAC) have agreed to begin implementing the GH¢1.0 Energy Sector Levy on each litre of petrol from Monday, June 16, 2025 instead of June 9, 2025.
This was after an agreement was made among the stakeholders, including the Ministry of Energy and Green Transition and the Ministry of Finance.
“The Chamber of Oil Marketing Companies (COMAC) wishes to formally acknowledge and commend the Ministry of Energy and Green Transition, the Ministry of Finance, the National Petroleum Authority and the Ghana Revenue Authority for the constructive engagements held, regarding the implementation date of the new Energy Sector Levies Act 2025 (Act 1141)”, a statement signed by its Coordinator, Dr. Riverson Oppong disclosed.
“Following our consultations and collaborative efforts, we are pleased to announce our alignment and satisfaction with the revised implementation date for the new Energy Sector Shortfall and Debt Repayment Levy (ESSDRL). The new effective date is now confirmed as Monday, 16th June 2025, replacing the initially communicated date of 9th June 2025”, it mentioned.
It continued that the decision reflects the value of dialogue, partnership, and engagement among stakeholders.
“We extend our gratitude to all relevant institutions for their commitment to ensuring a smooth and sustainable implementation of the levy”, it added.
COMAC had earlier expressed dissatisfaction with the lack of consultations by the government before the announcement of the levy.
Latest Stories
-
Next JoyBusiness Roundtable Discussion comes off tomorrow — reviews Government’s economic narratives against reality
19 minutes -
Central Regional Health Directorate probes maternal death at Kasoa Mother and Child Hospital
38 minutes -
GNECC launches 2026 Global Action Week for Education, focuses on bridging digital divide
54 minutes -
Stanbic Bank equips Ashanti journalists with financial skills to boost resilience
55 minutes -
Tom Saintfeit steps down as Mali head coach after two years in charge
59 minutes -
China hands over $56.5 million ECOWAS HQ in Nigeria, expanding influence in West Africa
1 hour -
Ghana’s UN resolution seeks restitution and healing, not development funding – Ablakwa
1 hour -
EPA urges public to curb noise pollution on International Noise Awareness Day
1 hour -
Xenophobia: Centre for Global Affairs and Responsible Governance urges AU intervention in South Africa
1 hour -
Maxwell Lukutor secures major funding for three SHSs, 24-hour market in first term push for South Tongu Constituency
1 hour -
Ntim Fordjour demands probe into ‘indecent’ scenes at Accra Carnival
2 hours -
El Niño Alert: Why a possible 2027 heat record could signal droughts, floods and flood risks for Ghana
2 hours -
UMB strengthens its leadership with appointment of Emmanuel Sackey as Group Head of Treasury
2 hours -
Court throws out prosecution witness statements in Buffer Stock trial
2 hours -
Police seek public help to track three fugitives after Adabraka jailbreak
2 hours