Finance Minister Dr. Cassiel Ato Forson has presented a detailed report to Parliament regarding how funds from the GH¢1 fuel tax on petroleum products have been used for the 2025 fiscal year.
This report comes in response to growing calls from the Minority Caucus for greater transparency and accountability in the use of this tax, particularly as the country faces ongoing power outages.
Speaking in Parliament on Tuesday, May 26, Ato Forson explained that the report outlines how the government has allocated revenue from the fuel tax, especially the funds meant to cover energy debt.
He mentioned, “The specifics are in the report and have been submitted to the committee for consideration. We’re ready to present these details whenever the committee requests it.”
Commonly referred to as the “Dumsor Levy,” this tax was introduced to manage the increasing debts in the energy sector and ensure a reliable power supply for everyone in the country. However, its implementation has sparked debate and criticism from some opposition members and the public, who have raised concerns about the timing of the tax increase and are calling for more responsible spending of the funds.
Additionally, Dr. Ato Forson informed Parliament that Ghana is currently at a moderate risk of debt distress while discussing the nation’s 2025 Annual Public Debt Report.
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