Parliament has approved the Energy Sector Levies (Amendment No. 2) Bill, 2025, abolishing the government subsidy on marine gas oil. The decision involves increasing the Energy Sector Shortfall and Debt Repayment Levy on marine gas oil by 193 pesewas per liter. According to the government, the move aims to prevent abuse and smuggling associated with marine gas oil, which has undermined the fairness and integrity of the subsidy program.
The revised levy is expected to generate GH¢71 million in revenue for the state. Deputy Finance Minister Thomas Nyarko Ampem assured that the subsidy removal does not affect premix fuel, emphasizing that the supply of premix to artisanal fishermen will remain uninterrupted. This clarification aims to alleviate concerns about the impact on the fishing industry.
