• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • World
We need a cap on GH¢1 Energy Levy – COPEC reiterates ahead of Mid-Year Budget Review

We need a cap on GH¢1 Energy Levy – COPEC reiterates ahead of Mid-Year Budget Review

22 July 2025
Gov’t Slaps Curfew on Nalerigu Township to Restore Calm

Gov’t Slaps Curfew on Nalerigu Township to Restore Calm

19 December 2025
Bawku Peace Mediation: Asigri Abugrago Azoka II Accepts Otumfour’s Mediation Report; Pledges Cooperation for its Implementation and Reconciliation

Bawku Peace Mediation: Asigri Abugrago Azoka II Accepts Otumfour’s Mediation Report; Pledges Cooperation for its Implementation and Reconciliation

18 December 2025
AG Formally Requests Extradition of EX – Finance Minister Ken Ofori-Atta from U.S.

AG Formally Requests Extradition of EX – Finance Minister Ken Ofori-Atta from U.S.

18 December 2025
Koforidua High Court Throws Out Petition Challenging 2024 Suhum Parliamentary Results

Koforidua High Court Throws Out Petition Challenging 2024 Suhum Parliamentary Results

18 December 2025
We Will Hit the Street If They Don’t Tell Us Something Tangible – Graduate Teachers Warn Gov’t Over Unpaid Salaries

We Will Hit the Street If They Don’t Tell Us Something Tangible – Graduate Teachers Warn Gov’t Over Unpaid Salaries

18 December 2025
Ghana Armed Forces Engineers Regiment Heads to Jamaica for Hurricane Melisa Recovery Operations

Ghana Armed Forces Engineers Regiment Heads to Jamaica for Hurricane Melisa Recovery Operations

17 December 2025
Gov’t Announces GH¢1bn Revitalisation Plan After Endorsing Asantehene’s Bawku Mediation Report

Gov’t Announces GH¢1bn Revitalisation Plan After Endorsing Asantehene’s Bawku Mediation Report

17 December 2025
Bawku Peace Mediation: Mamprugu Overlord Rejects Otumfuo’s Report, Calls Process Flawed

Bawku Peace Mediation: Mamprugu Overlord Rejects Otumfuo’s Report, Calls Process Flawed

17 December 2025
Bawku Peace Mediation: I Will Put the Reconciliation Burden on Mahama Ayariga and Dr. Bawumia – Kusaug People’s Congress President

Bawku Peace Mediation: I Will Put the Reconciliation Burden on Mahama Ayariga and Dr. Bawumia – Kusaug People’s Congress President

17 December 2025
Bawku Conflict Mediation Report: Asantehene Recommends The Acceptance of Naaba Azoka II as Bawku Chief

Bawku Conflict Mediation Report: Asantehene Recommends The Acceptance of Naaba Azoka II as Bawku Chief

17 December 2025
Group A is ‘group of death’ at AFCON 2025 – Mali coach Tom Saintfiet

Group A is ‘group of death’ at AFCON 2025 – Mali coach Tom Saintfiet

16 December 2025
ShEquity Opens Applications for Ghana’s First Gender-Smart Climate Technical Assistance Facility

ShEquity Opens Applications for Ghana’s First Gender-Smart Climate Technical Assistance Facility

16 December 2025
ADVERTISEMENT
  • Advertise
Friday, December 19, 2025
abcnewsgh
  • Home
  • News
  • Politics
  • Business
  • Sports
No Result
View All Result
abcnewsgh
No Result
View All Result
Home Business

We need a cap on GH¢1 Energy Levy – COPEC reiterates ahead of Mid-Year Budget Review

by Newsroom
22 July 2025
in Business
0
We need a cap on GH¢1 Energy Levy – COPEC reiterates ahead of Mid-Year Budget Review
16
VIEWS
ShareTweetSendSend

The Chamber of Petroleum Consumers (COPEC) has renewed its call for a clear cap on the GH¢1 Energy Levy ahead of the Mid-Year Budget Review scheduled for Thursday, July 24, 2025.

Speaking on ABC News GH’s Midday News, Paul Ofori, Head of Research at COPEC, warned that the levy—initially introduced as a temporary measure—risks becoming a permanent financial burden on Ghanaians if no expiry framework is announced. “We are expecting… some document to give a time to when paying of this levy will end,” he said.

Ofori raised broader concerns about the culture of temporary levies turning into long-term financial obligations without proper legislative guidance.

He referred to previous levies that were never capped and noted that without clarity, the GH¢1 levy risks following the same path.

The COPEC researcher also questioned the lack of accountability regarding procurement corruption at ECG, where irregularities continue to drain public funds without consequences. “Punitive measures at corruption are not biting enough,” he said, citing the ECG case.

According to the latest Auditor-General’s report, ECG alone was responsible for a significant portion of the GH¢15.8 billion in irregularities attributed to the Energy Ministry in 2024.

COPEC maintains that if such financial mismanagement had been tackled earlier, it could have reduced the debt burden currently crippling key institutions. “We could have resolved some of these debts if financial irregularities were resolved from the beginning,” Ofori noted.

He welcomed the government’s recent Key Performance Indicators (KPIs) signed by ECG’s management but stressed that performance must go beyond paper commitments. “We want to see something concrete on the ground… That is why I am happy we are introducing private hands,” he added.

ShareTweetSendSend
Newsroom

Newsroom

Related Posts

ShEquity Opens Applications for Ghana’s First Gender-Smart Climate Technical Assistance Facility
Business

ShEquity Opens Applications for Ghana’s First Gender-Smart Climate Technical Assistance Facility

16 December 2025
There is no plan to seek additional IMF support – Ato Forson
Business

IMF begins fifth review of Ghana’s economic performance today

29 September 2025
Reasons for the Cedi’s appreciation
Business

Ghana cedi appreciates by 21% against US dollar in nine months of 2025

17 September 2025

Recent Posts

  • Gov’t Slaps Curfew on Nalerigu Township to Restore Calm 18 December 2025
  • Bawku Peace Mediation: Asigri Abugrago Azoka II Accepts Otumfour’s Mediation Report; Pledges Cooperation for its Implementation and Reconciliation 18 December 2025
  • AG Formally Requests Extradition of EX – Finance Minister Ken Ofori-Atta from U.S. 18 December 2025
  • Koforidua High Court Throws Out Petition Challenging 2024 Suhum Parliamentary Results 18 December 2025
  • We Will Hit the Street If They Don’t Tell Us Something Tangible – Graduate Teachers Warn Gov’t Over Unpaid Salaries 18 December 2025
  • 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
Gov’t Slaps Curfew on Nalerigu Township to Restore Calm

Gov’t Slaps Curfew on Nalerigu Township to Restore Calm

19 December 2025
Bawku Peace Mediation: Asigri Abugrago Azoka II Accepts Otumfour’s Mediation Report; Pledges Cooperation for its Implementation and Reconciliation

Bawku Peace Mediation: Asigri Abugrago Azoka II Accepts Otumfour’s Mediation Report; Pledges Cooperation for its Implementation and Reconciliation

18 December 2025
AG Formally Requests Extradition of EX – Finance Minister Ken Ofori-Atta from U.S.

AG Formally Requests Extradition of EX – Finance Minister Ken Ofori-Atta from U.S.

18 December 2025
Koforidua High Court Throws Out Petition Challenging 2024 Suhum Parliamentary Results

Koforidua High Court Throws Out Petition Challenging 2024 Suhum Parliamentary Results

18 December 2025
abcnewsgh

Copyright © 2023 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

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

Copyright © 2023 ABCNewsGH.