
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
-
Government turning to borrowing too soon after IMF programme – Gideon Boako
4 minutes -
Revenue shortfalls forcing government to borrow – Gideon Boako
16 minutes -
Government cut spending after missing revenue targets – Gideon Boako
32 minutes -
I didn’t abandon my client; I travelled for my daughter’s graduation – Atta Akyea
39 minutes -
Wontumi chose trial over plea bargain – Deputy AG rejects NPP’s ‘political prisoner’ claim
51 minutes -
Free SHS should be funded with local revenue, not loans — Gideon Boako
51 minutes -
2 persons arrested for illegal mining activities close to Agenda 111 Hospital
56 minutes -
Prof. Ladé Wosornu mentors SATOC students at maiden edition of SAMP
59 minutes -
As AI reshapes education, Ghana’s future teachers are being told what technology cannot replace
1 hour -
Wontumi appeal to challenge over 20 legal errors, including constitutional breaches – Atta Akyea
1 hour -
BoG warns of regulatory action against Unlicensed Digital Credit Service Providers
1 hour -
I will eventually switch from reggae and dancehall to highlife – Sugar Ranking
1 hour -
Wontumi’s lawyers only sought an adjournment, not to move motions – Deputy AG
1 hour -
No legal basis for Wontumi’s conviction – Atta Akyea fights back
1 hour -
Miracles Aboagye disputes GH¢55m claim in EOCO probe
2 hours