The National Petroleum Authority (NPA), has reassured Oil Marketing Companies (OMCs) of the government’s commitment to ensuring the stability of the downstream petroleum sector as the implementation of the Energy Sector Levy takes effect from June 16, 2025.
Parliament recently passed the Energy Sector Levy (Amendment) Bill, 2025, introducing a GHC 1 increase in the price of a litre of petroleum products.
The levy was initially scheduled to take effect on Monday, June 9, 2025, but faced resistance from the Chamber of Oil Marketing Companies, the opposition New Patriotic Party (NPP) on the basis of what they described as lack of stakeholder consultation.
Chief Executive Officer of of the NPA, Godwin Edudzi Tamakloe Esq gave the assurance at the ongoing Safety Week being organized by the Chamber of Oil Marketing Companies in Accra.
Mr. Tamakloe acknowledged the sector’s concerns and emphasized that the NDC-led government will prioritize the sustainability of the petroleum downstream industry.
“We need the money, but we cannot jeopardize the downstream petroleum sector. The John Mahama led government will continue to engage sector players for a smooth implementation” he Said.
According to the Godwin Edudzi Tamakloe, leadership of the oil marketing Companies showed have demonstrated much commitment despite intensed backlash by section of the public.
The minority in Parliament have threatened to stage a nationwide sensitization exercise against the implementation of the Levy.
The amended Levy is expected to generate an additional 5.7 billion Ghana cedis in revenue to help reduce energy sector debts and support Power supply.
The Energy Sector Levy is part of broader fiscal measures aimed at addressing revenue shortfalls and financing energy sector debts, but industry players warn that implementation must be balanced to avoid disrupting supply chains and investor confidence.
Mr. Tamakloe also disclosed that the government is in the process of reviewing the NPA Act, nearly two decades after its initial implementation, to align it with current industry realities and regulatory needs.
