• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • World
JUST IN: Petrol prices to drop by 3% tomorrow, diesel and LPG unchanged – COPEC

1Ghc fuel levy takes effect today

16 July 2025
Fuel Pumps to Price Petrol at GH¢11.57, Diesel at GH¢14.35 from March 16

Fuel Pumps to Price Petrol at GH¢11.57, Diesel at GH¢14.35 from March 16

14 March 2026
Ghanaians to Pay 4.81% Less for Electricity, 3.06% Less for Water from April 1

Ghanaians to Pay 4.81% Less for Electricity, 3.06% Less for Water from April 1

14 March 2026
Gov’t Declares March 20, 23 as Public Holidays for Eid-ul-Fitr and Shaqq Day

Gov’t Declares March 20, 23 as Public Holidays for Eid-ul-Fitr and Shaqq Day

14 March 2026
Iran’s New Supreme Leader Reportedly Wounded, Likely Disfigured

Iran’s New Supreme Leader Reportedly Wounded, Likely Disfigured

14 March 2026
Administrative Circular Not a Directive to Silence Teachers – GES Clarifies

Administrative Circular Not a Directive to Silence Teachers – GES Clarifies

14 March 2026
State Covers Only Fuel Costs for private jet used by Mahama — Felix Kwakye Ofosu

State Covers Only Fuel Costs for private jet used by Mahama — Felix Kwakye Ofosu

12 March 2026
Ghana Statistical Service Signs MoU with 25 Government Institutions to Integrate Data for Smarter Governance

Ghana Statistical Service Signs MoU with 25 Government Institutions to Integrate Data for Smarter Governance

12 March 2026
Shatta Wale Announces International Collaboration with John Legend on New Single “Ain’t Nobody”

Shatta Wale Announces International Collaboration with John Legend on New Single “Ain’t Nobody”

12 March 2026
Gov’t to Begin Crackdown on Unlicensed Courier Operators from April 1

Gov’t to Begin Crackdown on Unlicensed Courier Operators from April 1

12 March 2026
Minority Demands Government Refund GH¢113m to Unsuccessful Security Recruitment Applicants

Minority Demands Government Refund GH¢113m to Unsuccessful Security Recruitment Applicants

12 March 2026
President Mahama Commissions Asharami Ghana LPG Vessel to Boost Energy Security

President Mahama Commissions Asharami Ghana LPG Vessel to Boost Energy Security

12 March 2026
The Copper Nano-Remediation Strategy: Evaluating the Risks for Ghana’s Galamsey-Impacted Rivers

The Copper Nano-Remediation Strategy: Evaluating the Risks for Ghana’s Galamsey-Impacted Rivers

12 March 2026
ADVERTISEMENT
  • Advertise
Saturday, March 14, 2026
abcnewsgh
  • Home
  • News
  • Politics
  • Business
  • Sports
No Result
View All Result
abcnewsgh
No Result
View All Result
Home Business

1Ghc fuel levy takes effect today

by Newsroom
16 July 2025
in Business
0
JUST IN: Petrol prices to drop by 3% tomorrow, diesel and LPG unchanged – COPEC
17
VIEWS
ShareTweetSendSend

The Ghana Revenue Authority (GRA) has officially begun implementation of revised levies on petroleum products under the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), effective today, July 16.

The tax adjustment comes just a day after President John Dramani Mahama ordered the cancellation of all fuel allowances and allocations for political appointees as part of a broad austerity initiative aimed at cutting state expenditure.

Presidential spokesperson Felix Kwakye Ofosu stated, “The President believes that leadership must also bear its part of the sacrifices it is calling on the people to make.”

In a statement signed by Acting Commissioner-General Anthony Kwasi Sarpong, the GRA confirmed that the levy implementation—initially planned for mid-June—had been deferred for a month to allow the monitoring of international fuel price trends and to maintain domestic price stability.

“The decision to proceed now follows a thorough review of prevailing market indicators and in line with the government’s commitment to ensuring stable economic conditions,” the GRA noted.

Under the revised rates, the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) on petrol (motor spirit) has increased from GH¢0.95 to GH¢1.95 per litre, and diesel (gas oil) from GH¢0.93 to GH¢1.93.

Marine Gas Oil (MGO) used by foreign vessels will also see a rise from GH¢0.93 to GH¢1.93, while locally consumed MGO will go up from GH¢0.03 to GH¢0.23.

The rate on heavy fuel oil will now stand at GH¢0.24, up from the previous GH¢0.04.

However, levies on liquefied petroleum gas (LPG) and naphtha remain unchanged at GH¢0.73 per litre, providing some relief to households that rely heavily on LPG for cooking and domestic needs.

The GRA has updated the Integrated Customs Management System (ICUMS) to reflect the new rates and has instructed all importers, distributors, and customs agents to fully comply.

Circulars have been distributed across ports, customs stations, and petroleum service providers to ensure seamless enforcement.

“Your cooperation is vital to the successful implementation of this critical revenue measure, which is essential for Ghana’s energy sector stability and overall economic development,” the GRA emphasized.

ShareTweetSendSend
Newsroom

Newsroom

Related Posts

Fuel Pumps to Price Petrol at GH¢11.57, Diesel at GH¢14.35 from March 16
Business

Fuel Pumps to Price Petrol at GH¢11.57, Diesel at GH¢14.35 from March 16

14 March 2026
BoG’s GH₵17bn Intervention Restores Economic Stability, Lowers Inflation to 3.3% – Asiama
Business

BoG’s GH₵17bn Intervention Restores Economic Stability, Lowers Inflation to 3.3% – Asiama

9 March 2026
Ghana’s Inflation Sinks to 3.3% in February, Lowest Since 2021 Rebasing
Business

Ghana’s Inflation Sinks to 3.3% in February, Lowest Since 2021 Rebasing

4 March 2026

Recent Posts

  • Fuel Pumps to Price Petrol at GH¢11.57, Diesel at GH¢14.35 from March 16 14 March 2026
  • Ghanaians to Pay 4.81% Less for Electricity, 3.06% Less for Water from April 1 14 March 2026
  • Gov’t Declares March 20, 23 as Public Holidays for Eid-ul-Fitr and Shaqq Day 14 March 2026
  • Iran’s New Supreme Leader Reportedly Wounded, Likely Disfigured 14 March 2026
  • Administrative Circular Not a Directive to Silence Teachers – GES Clarifies 14 March 2026
  • Trending
  • Comments
  • Latest
PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

18 July 2024
China displeased with Ghana media misreporting of IMF deal

China displeased with Ghana media misreporting of IMF deal

25 May 2023
Bawumia declares 2024 presidential bid

Group picks up NPP’s flagbearership forms for Bawumia.

26 May 2023
LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

12 September 2024
2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2
Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

1
‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

1
Bawumia launches local streaming platform Ghana Music Xperience

Bawumia launches local streaming platform Ghana Music Xperience

1
Fuel Pumps to Price Petrol at GH¢11.57, Diesel at GH¢14.35 from March 16

Fuel Pumps to Price Petrol at GH¢11.57, Diesel at GH¢14.35 from March 16

14 March 2026
Ghanaians to Pay 4.81% Less for Electricity, 3.06% Less for Water from April 1

Ghanaians to Pay 4.81% Less for Electricity, 3.06% Less for Water from April 1

14 March 2026
Gov’t Declares March 20, 23 as Public Holidays for Eid-ul-Fitr and Shaqq Day

Gov’t Declares March 20, 23 as Public Holidays for Eid-ul-Fitr and Shaqq Day

14 March 2026
Iran’s New Supreme Leader Reportedly Wounded, Likely Disfigured

Iran’s New Supreme Leader Reportedly Wounded, Likely Disfigured

14 March 2026
abcnewsgh

Copyright © 2023 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports

Copyright © 2023 ABCNewsGH.