No Immediate Fuel Price Hike in Ghana Despite New Energy Levy, President Mahama Assures

Ghana's President John Dramani Mahama announced today from Jubilee House in Accra that Parliament's approval of an amendment to the Energy Sector Levies Act will not result in an immediate fuel price hike. The amendment introduces a 1 Ghana cedi increase in the energy sector recovery levy. This revenue, President Mahama stated, will be "strictly ring-fenced" to pay down legacy energy debts and finance ongoing fuel purchases. "This decision, though difficult, is necessary and justifiable," he explained. The additional revenue projected is 5.7 billion cedis annually. The president stressed the government's commitment to transparency, stating that the fund will be regularly audited and audit reports made public. He also emphasized that the government is working to reduce inefficiencies in energy procurement and distribution. The video shows President Mahama speaking directly to the camera, providing a clear and concise message to the Ghanaian people. The video's clarity and the importance of the announcement make it ideal for a news report.