The Ghana Income Authority (GRA) has formally deferred the rollout of the contentious Vitality Sector Shortfall and Debt Compensation Levy by one week, shifting the implementation date from June 9 to June 16, 2025.
The transfer comes after sturdy opposition from the Chamber of Oil Advertising and marketing Firms (COMAC), which warned that the GH₵1-per-litre levy might considerably enhance gas costs and worsen the monetary pressure on customers.
In response to rising trade considerations, the GRA confirmed that it had engaged with stakeholders and reached a consensus to permit for a smoother rollout.
Chatting with Citi Information, a GRA consultant defined the premise of the brand new choice:
“The affiliation has considerations with the 9 June implementation date. We have now mentioned with their management within the spirit of cordiality and partnership and have agreed a brand new begin date of 16 June.”
The levy, which kinds a part of the federal government’s broader technique to deal with monetary shortfalls within the power sector and repay sector-related money owed, has confronted resistance as a consequence of fears it might destabilise the already fragile downstream petroleum market.
Stakeholders argue that there was insufficient trade session earlier than the preliminary announcement.
As outlined within the GRA’s directive signed by Commissioner-Normal Anthony Kwasi Sarpong, the revised levy charges will have an effect on a spread of petroleum merchandise as follows: the cost on Motor Spirit (Tremendous Petrol) will enhance from GH₵0.95 to GH₵1.95 per litre; AGO/Diesel and Marine Gasoline Oil (International) from GH₵0.93 to GH₵1.93; Marine Gasoline Oil (Native) will rise from GH₵0.03 to GH₵0.23; and Heavy Gasoline Oil (Residual Gasoline Oil – RFO) will transfer from GH₵0.04 to GH₵0.24.
Moreover, the speed for Partially Refined Oil (Naphtha) may also double to GH₵1.95 per litre.
Notably, the levy on Liquefied Petroleum Gasoline (LPG) stays unchanged at GH₵0.73 per kilogram.
The brand new levy charges will apply to all petroleum merchandise not lifted previous to the revised implementation date of June 16, 2025.
To handle the transition, the GRA has outlined key directives: petroleum merchandise lifted by a Petroleum Product Advertising and marketing Firm (PPMC) earlier than June 16 will nonetheless entice the previous levy charges, whereas any “cash-and-carry” transactions involving merchandise lifted on or after June 1 will likely be topic to the up to date costs.
Commissioner-Normal of the GRA, Anthony Kwasi Sarpong, known as for full compliance from all stakeholders, notably port authorities and gas stations, to make sure a seamless enforcement of the revised levy.
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