Audio By Carbonatix
Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has urged the government to reconsider its approach to the recently approved Energy Sector Levy, widely dubbed the “Dumsor Levy,” by engaging stakeholders and fostering greater transparency.
Speaking on JoyNews' Newsfile programme on Saturday, 7 June, Prof Bokpin criticised the lack of consultation that preceded the bill’s passage.
“The lack of consultation and all of that takes a lot from this whole discussion, and the government should take a second look at it, and they should learn from that,” he stated.
He expressed surprise at the introduction of the levy, adding that “clearly there was no way one could see this coming from the presentation of the 2025 budget.”
Parliament recently passed the Energy Sector Levy (Amendment) Bill, 2025, introducing a GH¢1 per litre surcharge on petroleum products.
The government has defended the bill as a necessary measure to address the energy sector’s mounting debt, which stands at US$3.1 billion as of March 2025.
Finance Minister Dr Cassiel Ato Forson explained that at least US$3.7 billion is needed to fully settle this debt, along with an additional US$1.2 billion to procure fuel for thermal power generation in 2025.
Latest Stories
-
MzNana & Obaapa Christy unite on soul-stirring gospel anthem Ahoto’
10 minutes -
Ayawaso East by-election underway as five candidates vie for NDC ticket
16 minutes -
Loyalty is everything in politics; Bawumia must decide on Afenyo-Markin – Adom-Otchere
32 minutes -
Ghana positions itself as a Competitive Fund Domiciliation Hub
1 hour -
NPP: Afenyo-Markin defends post-election coordination, urges focus on party unity
1 hour -
MoMo boss Shaibu Haruna named fintech CEO of the Year as MobileMoney Ltd, MTN Ghana sweep top awards
1 hour -
Kofi Bentil praises Afenyo-Markin’s leadership style but calls it combative
2 hours -
NDC’s demolishing exercises will feature in 2028 election – Adom Otchere
2 hours -
“I was hoping for 60%” – Paul Adom-Otchere on Dr Bawumia’s flagbearer win
2 hours -
Africa’s growth depends on empowering SMEs, women and youth – CEO of Telecel Group
3 hours -
Force for good in action: Absa’s colleague volunteerism in 2025
3 hours -
14-Year-old boy drowns at Fiapre Catholic Junction in Bono Region
3 hours -
KIA too big to be named after Kotoka – Kofi Bentil
3 hours -
NPP should be the last to talk about renaming national monuments – Atta Issah
3 hours -
Global tourism leaders to gather in Kenya to shape the future of tourism resilience
3 hours
