The International Monetary Fund (IMF) has endorsed the Ghanaian government’s decision to raise the Energy Sector Levy on petroleum products, describing the move as a prudent step toward addressing the country’s energy sector debt and fiscal challenges.
The support comes as Ghana prepares to implement the revised levy, which aims to generate additional revenue to stabilize its energy sector and improve the overall fiscal balance.
President John Mahama signed the Revised Energy Sector Levy (Amendment) Bill 2025 into law on June 5, following its passage by Parliament.
Although the Ghana Revenue Authority (GRA) initially planned to begin enforcement on June 6, implementation was postponed to July 16, 2025, due to concerns raised by the Chamber of Oil Marketing Companies.
The IMF noted that the new measure, once operational, could significantly bolster efforts to resolve structural issues in the energy sector.
