President has defended the introduction of a new petroleum levy, describing it as a necessary intervention to rescue Ghana's ailing energy sector from collapse and safeguard national productivity.
He made this known when the National Economic Dialogue Planning Committee presented its final report to him on Wednesday June 4, 2025.
He revealed that the energy sector currently shoulders a debt of over US $3.1 billion, with an additional US$1.8 billion needed in the coming months to procure fuel for uninterrupted thermal power generation. "Our energy sector carries a debt burden of over US$3.1 billion, with an estimated US$1.8 billion more required to finance fuel procurements for uninterrupted thermal power generation in the coming months.
If left unaddressed, this situation significantly threatens national productivity and industrial growth. "While we have devised a strategy to liquidate this debt and stop the bleeding in the power sector, we must take advantage of recent gains created by appreciation in the value of our currency to accelerate the solution to our energy sector challenges.
