Minister of Energy, John Abdulai Jinapor
The Ministry of Energy and Green Transition has noted that a new date for the implementation of the Dumsor Levy will be communicated once tensions between Israel and Iran subside.
According to the Spokesperson and Head of Communications for the ministry, Richmond Rockson, the ministry is monitoring developments on the global market to ensure that the gains made in the oil sector this year are not lost.
He explained, “In fact, over the past three days, if you check crude oil prices on the international market, they have risen from $60 to $74. This is the highest we’ve seen in the past five months. This increase has also caused some disruptions in our pricing model.
“The President has directed the Ministers of Energy and Finance to continue monitoring the situation. So they will keep monitoring it, and once the conditions become favourable, a new date will definitely be announced,” he added.
The ministry confirmed that the postponement of the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), was influenced by escalating tensions between Israel and Iran, which have impacted global oil prices.
“I can confirm that the Government of Ghana, as announced by the GRA, has postponed the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141). This levy introduced GH¢1 on petrol, GH¢1 on diesel, and 20 pesewas on gas. So yes, I can give you that confirmation,” Rockson was quoted by Citi Newsroom.
He noted that the President is committed to safeguarding the gains made from falling oil prices this year and to shielding consumers from additional burdens.
Rockson further stated that since June 13, oil prices have surged on the global market due to rising geopolitical tensions, influencing the government’s decision to delay the levy’s implementation.
“From February to date, we have experienced a windfall in the fuel market, thanks to the prudent management of exchange rates, which has reduced fuel prices from an average of GH¢17 to GH¢11 or GH¢12, depending on which Oil Marketing Company (OMC) you buy from,” he said.
SSD/MA
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