The Chamber of Oil Marketing Companies (COMAC) has welcomed the new start date for the GHS1 Energy Sector Shortfall and Debt Repayment Levy (ESSDRL). The levy will now take effect on Monday, June 16, 2025.
Also Read
COMAC had initially rejected the Ghana Revenue Authority’s (GRA) order to implement the levy on June 9. They called the original timeline coercive and operationally impossible.
The directive arrived on a public holiday and was delivered over the weekend without proper consultation. COMAC described this as an “institutional ambush.”
However, after talks with the Ministry of Energy and Green Transition, the Ministry of Finance, the National Petroleum Authority, and the GRA, COMAC changed its stance. These agencies engaged in “constructive” dialogue, which COMAC praised.
Dr. Riverson Oppong, COMAC’s CEO and Industry Coordinator, said, “We are pleased to align with the revised date after collaborative discussions.” He added that this outcome shows the importance of dialogue and partnership among stakeholders.
COMAC had requested a two-week transition period. They needed time to update pricing systems, adjust logistics, and prepare for compliance. Without this, cash-and-carry marketers would struggle to manage the unexpected tax on stock starting June 9.
With the new June 16 date, COMAC commits to working with government bodies. They aim to ensure a smooth and sustainable rollout of the ESSDRL under the Energy Sector Levies (Amendment) Act, 2025 (Act 1141).
Oil marketers defy June 9 fuel levy, slam GRA over short notice
