• 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
Fuel Prices Go Up as Some OMCs Adjust Pump Rates Ahead of New Pricing Window

Fuel Prices Go Up as Some OMCs Adjust Pump Rates Ahead of New Pricing Window

24 July 2026
Mahama Says Atta Mills’ Values Continue to Shape His Presidency

Mahama Says Atta Mills’ Values Continue to Shape His Presidency

24 July 2026
Germany Unveils Klopp as New Head Coach

Germany Unveils Klopp as New Head Coach

24 July 2026
Mahama Secures AU Commitment to Address South Africa Xenophobic Attacks at Next Summit

Mahama Secures AU Commitment to Address South Africa Xenophobic Attacks at Next Summit

24 July 2026
Salaga South MP Commends Ato Forson for ‘Inspiring’ Mid-Year Budget Review

Salaga South MP Commends Ato Forson for ‘Inspiring’ Mid-Year Budget Review

24 July 2026
Minority Slams Mid-Year Budget Review as Full of ‘English’ and Empty Promises

Minority Slams Mid-Year Budget Review as Full of ‘English’ and Empty Promises

23 July 2026
NPP Urges Members to Stay Focused on Holding Government Accountable Amid Arrests

NPP Urges Members to Stay Focused on Holding Government Accountable Amid Arrests

23 July 2026
Women’s Development Bank Gets GH¢400 Million Capital Boost as Operations Set to Begin This Year

Women’s Development Bank Gets GH¢400 Million Capital Boost as Operations Set to Begin This Year

23 July 2026
Ghana’s Economy Will Not Return to the ‘Emergency Room’ Under Mahama Gov’t — Ato Forson

Ghana’s Economy Will Not Return to the ‘Emergency Room’ Under Mahama Gov’t — Ato Forson

23 July 2026
Ato Forson Hails Ghana’s Strong Economic Performance in First Half of 2026

Ato Forson Hails Ghana’s Strong Economic Performance in First Half of 2026

23 July 2026
Tema Police Reject GH¢150,000 Bribe as Major Crime Crackdown Yields Drug Busts, Arrests

Tema Police Reject GH¢150,000 Bribe as Major Crime Crackdown Yields Drug Busts, Arrests

23 July 2026
Mid-Year Budget Review Not a Platform to Make New Promises — Oppong Nkrumah Tells Gov’t

Mid-Year Budget Review Not a Platform to Make New Promises — Oppong Nkrumah Tells Gov’t

23 July 2026
ADVERTISEMENT
  • Advertise
Sunday, July 26, 2026
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
20
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

Fuel Prices Go Up as Some OMCs Adjust Pump Rates Ahead of New Pricing Window
Business

Fuel Prices Go Up as Some OMCs Adjust Pump Rates Ahead of New Pricing Window

24 July 2026
Women’s Development Bank Gets GH¢400 Million Capital Boost as Operations Set to Begin This Year
Business

Women’s Development Bank Gets GH¢400 Million Capital Boost as Operations Set to Begin This Year

23 July 2026
Arresting Dissenting Voices Is How Tyranny Starts — Kojo Oppong Nkrumah Warns Gov’t
Business

Gov’t Is Manufacturing Numbers to Create the Impression that All Is Well — Oppong Nkrumah

23 July 2026

Recent Posts

  • Fuel Prices Go Up as Some OMCs Adjust Pump Rates Ahead of New Pricing Window 24 July 2026
  • Mahama Says Atta Mills’ Values Continue to Shape His Presidency 24 July 2026
  • Germany Unveils Klopp as New Head Coach 24 July 2026
  • Mahama Secures AU Commitment to Address South Africa Xenophobic Attacks at Next Summit 24 July 2026
  • Salaga South MP Commends Ato Forson for ‘Inspiring’ Mid-Year Budget Review 24 July 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 Prices Go Up as Some OMCs Adjust Pump Rates Ahead of New Pricing Window

Fuel Prices Go Up as Some OMCs Adjust Pump Rates Ahead of New Pricing Window

24 July 2026
Mahama Says Atta Mills’ Values Continue to Shape His Presidency

Mahama Says Atta Mills’ Values Continue to Shape His Presidency

24 July 2026
Germany Unveils Klopp as New Head Coach

Germany Unveils Klopp as New Head Coach

24 July 2026
Mahama Secures AU Commitment to Address South Africa Xenophobic Attacks at Next Summit

Mahama Secures AU Commitment to Address South Africa Xenophobic Attacks at Next Summit

24 July 2026
abcnewsgh

Copyright © 2026 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

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

Copyright © 2026 ABCNewsGH.