Audio By Carbonatix
The Chamber of Petroleum Consumers (COPEC) has asked government to develop innovative ways to clear the power sector debt and not unnecessarily burden petroleum consumers with the one cedi fuel levy.
Government as part of measures to clear the power sector debt introduced the one cedi levy on every litre of fuel at the pumps.
The levy, which was assented to by President John Mahama was met with criticisms for lack of engagement with key stakeholders, including the Oil Marketing Companies. The Ghana Revenue Authority, has subsequently postponed the implementation of the levy to June 16, 2025.
Speaking to Joy Business, the Executive Secretary of COPEC, Duncan Amoah criticized government for imposing the levy on consumers, pointing out that it will increase hardship on Ghanaians.
He advised government to prioritise efficiency in the power sector and cut down financial and technical losses.
“It is as if the Electricity Company of Ghana (ECG) has money that they can use for corrupt things in the power sector and we have allowed them to misuse the money and then they come back to tell us there is no money to pay for the Independent Power Producers and fuel. So Ghanaians must pay through levies”, he said.
Listing some major challenges influencing the power sector debt, Mr. Amoah stressed the need to address revenue leakages and transmission losses, particularly on the part of the ECG.
“The power sector debt is not out of vacuum. Something let to the accumulation of the debt. The transmission losses is one, poor revenue generation and collection, is two, and the use of the revenue is three”, he said.
He added that it is time to punish staff of ECG engaged in acts of corruption that lead to the power distributor making losses.
“The procurement breaches and corruption and blatant disregard for the laws and sometimes even common sense. We must check that”, he said.
Latest Stories
-
Ghana and Germany deepen economic partnership: A new era of investment and cooperation
16 minutes -
Breaking up before the holidays: Is it better to let go before or after the festive season?
18 minutes -
From waste to purpose: Prudential Life advances no-plastic-use agenda with plastic recycled desk project
27 minutes -
Jerry Ahmed opposes use of athletes’ bonuses as Sports Fund sources
50 minutes -
Water supply disruption looms as Weija Plant undergoes maintenance on Friday
52 minutes -
Accra: Corn miller in court for planning to set Kantamanto shops ablaze
54 minutes -
Over 1.3m young Ghanaians out of work or school – GSS
60 minutes -
Merqury Quaye Live DJ Concert set for December 25 at Laboma Beach Resort
1 hour -
Six drivers arrested as AMA boss enforces approved public transport fares
1 hour -
Aephaniel Owusu-Agyemang: A journey of leadership, policy and economic purpose
1 hour -
Victory for Ghana’s forests: Civil society hails revocation of controversial L.I. 2462
2 hours -
HIV testing should be mandatory for employment in Ghana – Habib Iddrisu
2 hours -
The use of ‘olonka’ must end, we need proper measuring scale – Kofi Kapito
2 hours -
Gov’t bans mining in forest reserves; violators face up to 25 years in prison
2 hours -
Timely disability funds key to ending street begging — Oforikrom MCE
2 hours
