Former Vice President Dr. Mahamudu Bawumia has raised an alarm to the citizens of Ghana, advising them to brace themselves for increased tax obligations under the administration of John Dramani Mahama.
His warning follows the recent approval by Parliament of the contentious Energy Sector Levy (Amendment) Bill on June 3, 2025.
The newly enacted legislation imposes a GH₵1 rise in levies on petroleum products, which is expected to yield GH₵5.7 billion in revenue.
As stated by Finance Minister Dr. Cassiel Ato Forson, these funds are critically required to tackle the escalating debt within the energy sector, emphasizing that the revenue from the levy will be specifically allocated for the acquisition of vital fuel necessary for reliable power generation.
He elaborated that this measure is essential to guarantee a stable electricity supply in Ghana, noting that “the current electricity tariffs paid by consumers do not encompass the cost of fuel utilized for power generation.”
Additionally, he mentioned that the government requires an extra $1.2 billion to secure fuel for thermal power generation throughout the year 2025.
While addressing supporters of the NPP during his gratitude tour in the Central Region, Dr. Bawumia delivered a serious warning, encouraging them to get ready for a stringent tax environment under the Mahama administration.
“They have introduced something referred to as the dumsor levy; this is eight times the E-Levy. Therefore, if you purchase fuel for GH₵1000, you will incur a dumsor levy of GH₵83. Just be prepared, as there is more to come,” he remarked.
