• 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
How the ‘Machoman’ Took on the Heavyweights and Punched Above His Weight to Become NPP’s 1st Vice Chairman

How the ‘Machoman’ Took on the Heavyweights and Punched Above His Weight to Become NPP’s 1st Vice Chairman

5 October 2026
Seven Arrested as BoG, Police Crack Down on Use of Cedi Notes in Money Bouquets

Seven Arrested as BoG, Police Crack Down on Use of Cedi Notes in Money Bouquets

5 October 2026
Gov’t to Digitise Property Rate Collection to Boost MMDAs’ Revenue – Mahama Ayariga

Gov’t to Digitise Property Rate Collection to Boost MMDAs’ Revenue – Mahama Ayariga

5 October 2026
High Court Refuses Bail for Salomey Awiti Baffoe, Orders Expedited Investigations

Ghana Jollof Case: Salomey Awity-Baffoe Gets GH¢100k Bail; Case Adjourned to February 2027

5 October 2026
Breast Cancer Awareness Month: Salaga South MP Urges Women to Prioritise Screening

Breast Cancer Awareness Month: Salaga South MP Urges Women to Prioritise Screening

5 October 2026
Dr Tony Basingnaa honoured among Africa’s influential leaders in Kigali

Dr Tony Basingnaa honoured among Africa’s influential leaders in Kigali

5 October 2026
Meet NPP’s Newly Elected National Executives

Meet NPP’s Newly Elected National Executives

4 October 2026
Court Grants EOCO Warrant to Arrest Manhyia South MP

Manhyia South MP Granted GH¢10m Bail After Pleading Not Guilty to EOCO Charges

3 October 2026
Zanetor Agyeman-Rawlings Announces Plans to Transform Ghana’s Space Sector

Zanetor Agyeman-Rawlings Announces Plans to Transform Ghana’s Space Sector

2 October 2026
Baffour Awuah Disputes EOCO Claim Over Unanswered Invitations

EOCO Dismisses GH¢50m Bail Claim for Baffour Awuah

2 October 2026
La Dade-Kotopon MP Questions Demolition Exercise at Pleasure Beach

La Dade-Kotopon MP Questions Demolition Exercise at Pleasure Beach

2 October 2026
Court Grants EOCO Warrant to Arrest Manhyia South MP

Baffour Awuah Faces Overnight Stay at EOCO After Voluntarily Reporting Himself for Questioning

1 October 2026
ADVERTISEMENT
  • Advertise
Tuesday, October 6, 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
21
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 Prices to Increase From September 16 as Petrol Hits GH¢16.26, Diesel GH¢19.07
Business

Fuel Prices to Increase From September 16 as Petrol Hits GH¢16.26, Diesel GH¢19.07

13 September 2026
Fuel Prices to Go Up Marginally From September 1 – COPEC
Business

Fuel Prices to Go Up Marginally From September 1 – COPEC

30 August 2026
GEA Pledges Post-Graduation Support for ICIE Entrepreneurs, Including Business Formalisation and Product Certification
Business

GEA Pledges Post-Graduation Support for ICIE Entrepreneurs, Including Business Formalisation and Product Certification

22 August 2026

Recent Posts

  • How the ‘Machoman’ Took on the Heavyweights and Punched Above His Weight to Become NPP’s 1st Vice Chairman 5 October 2026
  • Seven Arrested as BoG, Police Crack Down on Use of Cedi Notes in Money Bouquets 5 October 2026
  • Gov’t to Digitise Property Rate Collection to Boost MMDAs’ Revenue – Mahama Ayariga 5 October 2026
  • Ghana Jollof Case: Salomey Awity-Baffoe Gets GH¢100k Bail; Case Adjourned to February 2027 5 October 2026
  • Breast Cancer Awareness Month: Salaga South MP Urges Women to Prioritise Screening 5 October 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
How the ‘Machoman’ Took on the Heavyweights and Punched Above His Weight to Become NPP’s 1st Vice Chairman

How the ‘Machoman’ Took on the Heavyweights and Punched Above His Weight to Become NPP’s 1st Vice Chairman

5 October 2026
Seven Arrested as BoG, Police Crack Down on Use of Cedi Notes in Money Bouquets

Seven Arrested as BoG, Police Crack Down on Use of Cedi Notes in Money Bouquets

5 October 2026
Gov’t to Digitise Property Rate Collection to Boost MMDAs’ Revenue – Mahama Ayariga

Gov’t to Digitise Property Rate Collection to Boost MMDAs’ Revenue – Mahama Ayariga

5 October 2026
High Court Refuses Bail for Salomey Awiti Baffoe, Orders Expedited Investigations

Ghana Jollof Case: Salomey Awity-Baffoe Gets GH¢100k Bail; Case Adjourned to February 2027

5 October 2026
abcnewsgh

Copyright © 2026 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

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

Copyright © 2026 ABCNewsGH.