Audio By Carbonatix
Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has criticised the government for its lack of stakeholder consultation in introducing the controversial GH¢1 per litre surcharge on petroleum products, widely dubbed the 'Dumsor Levy'.
He warned that the rushed approach undermines public trust and risks weakening support for the policy.
Speaking on JoyNews’ Newsfile programme on Saturday, June 7, Prof Bokpin stated, “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, because clearly there was no way one could see this coming from the presentation of the 2025 budget.”
He emphasised that meaningful dialogue with the public and stakeholders is crucial when introducing policies with significant financial implications.
The Energy Sector Levy (Amendment) Bill, 2025, which was passed by Parliament under a certificate of urgency, seeks to generate additional revenue to tackle Ghana’s crippling energy sector debt.
According to Finance Minister Dr Cassiel Ato Forson, the sector’s total indebtedness stood at US$3.1 billion as of March 2025.
He added that a minimum of US$3.7 billion would be needed to clear the debt, with a further US$1.2 billion required to secure fuel for thermal power generation throughout the year.
However, the Minority in Parliament has fiercely opposed the levy, describing it as a “predatory tax” expected to extract GH¢5.7 billion annually from households and businesses.
They have criticised the lack of transparency in the bill’s passage and demanded detailed disclosure of how the funds will be managed.
Latest Stories
-
GUTA calls for suspension of Publican AI system over trade disruptions, demands temporary halt in import activities
50 seconds -
TTAG raises alarm over proposed recruitment of 7,000 teachers, demands national posting roadmap
34 minutes -
Civilians feared killed after reports of air strike on Nigerian market
44 minutes -
Bishop Simon Kofi Appiah installed as new Jasikan Diocese Bishop
45 minutes -
Trump’s Strait of Hormuz blockade threat raises risks and leaves predicaments unchanged
47 minutes -
US Court backs extradiction of former MASLOC CEO Sedina Tamakloe-Attionu’s to Ghana
1 hour -
Seven arrested as NAIMOS dismantles illegal mining camp, seizes firearms at Boin River
1 hour -
Fire erupts at Madina Ritz Junction, destroys multiple wooden structures and containers
1 hour -
Daniel-Kofi Kyereh returns from long-term injury, registers assist for Freiburg U23
2 hours -
Knifeman calling himself ‘Lucifer’ slashes three at NYC’s Grand Central
2 hours -
Brands are built from within to without
2 hours -
Matriculants urged to pursue excellence as gov’t reaffirms support for Maritime education
2 hours -
See the areas that will be affected by ECG’s planned maintenance on Monday, April 13, 2026
2 hours -
GPL 2025/26: Salim Adams double fires Medeama back to summit after Kotoko rout
2 hours -
Two robbery suspects convicted following violent gold dealer attack in Obuasi
2 hours