Close Menu
    Trending
    • The Bank hospital denies breach of medical confidentiality in Daddy Lumba’s death
    • Google ordered to pay €12,000 for showing a man's naked image publicly
    • GCYE names Joyce Mogtari as Patron; launches Push for Women Entrepreneurs
    • Building on waterways and Ramsar sites: We all have a responsibility to play, not just politicians – Minister for Tourism
    • High court dismisses judicial review application by suspended Chief Justice Torkonoo
    • Larry Cooke: Advancing crypto literacy and regulatory clarity in Ghana
    • Ghana targets industrial transformation through local steel production and regional trade integration
    • GBC marks 90th anniversary celebrations with a public lecture at Broadcasting House
    zamzamupdate.com/ News on the GO
    • Home
    • Ghana News
    • News Updates
    • Sports
    • Business
    • Politics
    • Entertainment
    zamzamupdate.com/ News on the GO
    Home»Business»Energy Sector Levies will enhance power supply but threaten inflation, transport fares
    Business

    Energy Sector Levies will enhance power supply but threaten inflation, transport fares

    ZamZam UpdateBy ZamZam UpdateJuly 30, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Skilled companies agency, PwC, has said that although the Power Sector Levies is anticipated to reinforce the federal government’s capability to stabilise energy provide and cut back the ability sector debt, it additionally locations added strain on customers.

    The strain on the customers, it mentioned in its commentary on the 2025 Mid-12 months Finances Overview, will come by greater gasoline costs, probably affecting transport prices and inflation.

    The Power Sector Levies (Modification) Act, 2025 (Act 11), led to Parliament approving a further GH¢1 per litre on chosen petroleum merchandise.

    This adjustment led to a major leap within the revised ESLA finances—from GH¢6.7 billion to GH¢9.6 billion—with the Power Sector Shortfall and Debt Compensation Levy (ESSDRL) element rising from GH¢5.7 billion to GH¢8.6 billion.

    As of mid-year, provisional collections from the ESSDRL and associated levies amounted to roughly GH¢2.9 billion, indicating a robust begin towards the revised income goal, and noting the anticipated full impression of the newly launched GHS1 per litre tax for the second half.

    To make sure the effectiveness of the ESSDRL whereas minimising its adversarial results, PwC beneficial that the federal government intently displays inflationary impacts, notably on transport and weak households.

    Moreover, it mentioned exploring various funding mechanisms may cut back over-reliance on petroleum-based levies in the long run.

    DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.

    DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.



    Source link
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleOil-producing communities in Western Region to benefit from sea defense and social projects – Prez Mahama
    Next Article Africa’s most successful women’s football nations
    ZamZam Update
    • Website

    Related Posts

    Business

    GCYE names Joyce Mogtari as Patron; launches Push for Women Entrepreneurs

    July 31, 2025
    Business

    Ghana targets industrial transformation through local steel production and regional trade integration

    July 31, 2025
    Business

    Gold hedging programme will target a portion of our reserves – BoG Governor

    July 31, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Lionel Messi’s surprise Barcelona return confirmed

    June 30, 2025

    Ayew and Issahaku face relegation heartbreak as Leicester crash out of PL

    April 21, 2025

    Top 20 highest paid African footballers – see which Ghanaian players make the list

    February 13, 2025

    Catholic Bishop joins Muslims in Wa to observe Eid-ul Fitr prayers

    April 1, 2025

    John Cena makes history at WrestleMania 41, becomes first 17-time World Champion

    April 22, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    Most Popular

    The Bank hospital denies breach of medical confidentiality in Daddy Lumba’s death

    July 31, 2025

    GBA Bartenders Masterclass returns to redefine mixology in Ghana

    February 2, 2025

    Breaking News: Unknown person stabbed Asante Kotoko diehard supporter Pooley to death

    February 2, 2025
    Our Picks

    The wigs you wear are blocking your Blessings – Sonnie Badu

    February 4, 2025

    OGA seeks policy, financial reforms to boost citrus industry

    March 18, 2025

    Mahama is Ghana’s most prepared President – Gabby Otchere-Darko

    June 16, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Zamzamupdate.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.