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The Gallant Cadres of the National Democratic Congress have issued a statement appealing to Ghanaians to bear with the government by paying the Gh¢1.00 fuel levy to help alleviate the energy sector burden.
In a release issued and signed on Wednesday, 4th June, 2025, by Mr. E. A. Sarpong, popularly called Father Casford, it averred that, judging from the current debilitating energy sector debt, “it’s the most rational decision by government to impose Gh¢1.00 levy on each litre of fuel purchased to help us settle our debt”, they stated.
The Cadres contend that Gh¢1.00 fuel levy is not the same as 1% E-Levy. The current increment on fuel is an insignificant constant of Gh¢1.00, while 1% E-Levy varies in the amount charged, depending on the amount of the transaction involved. “In percentage terms, as the amount increases, the percentage-based deduction grows, while Gh¢1 remains an insignificant constant,” the release emphasized.
In a bid to placate the fears of Ghanaians, they revealed that the recent gains of the Ghanaian currency against major trading currencies, arising from the prudent management of the economy, would mitigate the increase in fuel prices.
The release concluded by urging all Ghanaians, as a patriotic duty, to support the government during these difficult times to better the lot of Ghanaians in the near future. “We, the Gallant Cadres of the NDC, wish to appeal to all well-meaning Ghanaians to bear with the government as it tries to navigate this difficult labyrinth of energy sector debt,” the release ended.
Below is the full press release:
Press Release
To All Media Houses
The Gallant Cadres of NDC
0208573712
0243179445
0542002741
0546572070
We Welcome The GH1 Levy On Every Liter of Fuel to Offset Disturbing Energy Sector Debt.
The decision by the Government of Ghana to impose a Gh 1. 00 on every litre of petrol purchased at the pumps is a rational one which in the long run help us settle the debilitating Energy Sector debt overhang.
Truth is that Ghc1.00 is not the same as 1%. Deducting Gh 1.00 from Gh1,000 = Gh 999, and 1% of Gh 1,000 is Gh 10.00, thus giving you ¢990. In percentage terms, as the amount increases, the percentage-based deduction grows, while 1ghc remains an insignificant constant. This is nothing like E-levy! The Energy-sector debt left by NPP government can be described be crazily humungous!!
It is important to note that, the ¢1.00 increase in the Energy Sector Levy(ESLA) Act, has become necessary due to mounting and unsustainable debt accrued in the energy sector over the previous 8 years under the NPP.
A financing shortfall of about $3.7billion (over GH¢40 billion) hangs over the sector with an estimated $ 1.2 billion (GH¢13 billion) needed annually to purchase liquid fuels to power thermal plants for energy generation.This amount is not factored into the pricing of electricity, making it unsustainable going forward.
The GH¢1 increase in ESLA means that an amount of GH¢5.7 billion will be realised every year to ease the liquid fuel burden. If liquid fuel is factored into electricity pricing, it will result in a 50% increase in electricity prices making the ESLA increment a better and cheaper alternative.
The timing of the increase means that fuel prices will still remain lower than in the May pricing window due to the continuous appreciation of the cedi against the dollar and other major trading currencies.
Fuel prices have moved from about GH¢16 in January to under GH¢12 cedis due to gains made from the prudent management of the economy. With the increase in ESLA fuel prices would be cheaper or at par with what inherited.
Accrued funds from the increase will be used judiciously to purchase liquid fuels to guarantee constant supply of electricity and ensure that dumsor does not recur.
The current price for a liter of petrol (Super XP) in Ghana is GH₵14.34, according to GOIL PLC. Diesel (Diesel XP) is priced at GH₵12.98 per liter. The new tax of GH₵1 per litre is between 7% to 7.7%.
We, the Gallant Cadres of the NDC wish to appeal to all well meaning Ghanaians to bear with government as it tries to navigate this difficult labyrinth of energy sector debt.
Comrade Richard E A Sarpong, Father Casford. The PRO, 0208573712
Ohemaa Akosua Borngreat, Deputy PRO, 0243179445
Mr F Kadan, Secretary, 0242276044
Eric Nana Tekye, Deputy Secretary, 0546572070
Carrick Kpeglo, Chairman. 0542002741