The International Monetary Fund (IMF) has endorsed the Ghanaian government’s controversial GHC1 energy sector levy on every litre of petroleum products.
Director of the IMF’s Communications Department, Julie Kozack, says the levy is a strategic step toward addressing long-standing debts and financial shortfalls in the energy sector.
Speaking at a press briefing, Madam Kozack described the levy as aligned with the fiscal objectives of Ghana’s Extended Credit Facility (ECF) programme.
“On the fuel levy, what I can say is that this is a new measure that will help generate additional resources to tackle the challenges in Ghana’s energy sector, and it is also going to bolster Ghana’s ability to deliver on the fiscal objectives under the programme,” the IMF’s Director of Communications Department reiterated.
She added that the levy would play a critical role in addressing structural challenges and reinforcing Ghana’s broader fiscal reform agenda.
Source: Africa Publicity
