GNCCI Backs Energy Levy Amendment
The Ghana National Chamber of Commerce and Industry (GNCCI) has expressed support for the Energy Sector Levy Amendment Bill, which aims to resolve power supply issues in the country. The bill, which was passed by Parliament in June 2025, seeks to increase the Energy Sector Shortfall and Debt repayment levy by GHC 1 on petrol and diesel.
GNCCI Demands Accountability
According to a report by The High Street Journal, the GNCCI supports the new Energy Sector Levy but insists on strict accountability, demanding regular updates on how the funds are being utilized. The chamber's stance on the matter was not immediately clear, but their backing of the bill suggests that they believe the measure is necessary to address the country's power supply issues.
Business to Review Operations
The GNCCI has expressed confidence that businesses would adapt to the new tax regime by reviewing their operations instead of automatically increasing prices for consumers. This suggests that the chamber believes that businesses have the capacity to absorb the increased costs and make adjustments without passing them on to consumers.
Impact on Fuel Prices
The Energy Sector Levy Amendment Bill is expected to increase the cost of fuel, with the levy being added to the price of petrol and diesel. According to a report by Joy News on TV, the bill will increase the Energy Sector Shortfall and Debt repayment levy by GHC 1 on petrol and diesel. This increase is likely to have a significant impact on consumers, particularly those who rely heavily on fuel for their daily activities.
Background on the Energy Sector Levies Act
The Energy Sector Levies Act, 2015 (Act 899) was amended to provide for an Energy Sector Recovery Levy and Sanitation and Pollution Levy. According to a report by the Finance Committee on the Energy Sector Levies, the object of the Bill is to amend the Energy Sector Levies Act to provide for an Energy Sector Recovery Levy and Sanitation and Pollution Levy.
What's Next
The implementation of the Energy Sector Levy Amendment Bill is expected to have a significant impact on the country's power supply and fuel prices. As the bill is implemented, businesses and consumers alike will need to adapt to the new tax regime and make necessary adjustments. The GNCCI's backing of the bill suggests that they believe the measure is necessary to address the country's power supply issues, but the impact on consumers remains to be seen.
Source: 3News
