Finance Minister Ken Ofori Atta has announced an impending increase in the Energy Sector Levies.
The move was anticipated as one of the measures that government will adopt to deal with the growing energy sector debts and to meet the growing commitments in the sector.
Presenting the Mid-year budget review in line with the Public Financial Management Act (PFMA), Ken Ofori Atta said the government will be amending the Energy Sector Levies Act to increase the quantum of three levies under the act.
The review will see an increase in the Road fund, Energy debt recovery and price stabilization levies.
The decision, the Finance minister said was necessary for government to raise the revenue to deal with the energy sector issues.
The increment sharply contradicts the New Patriotic Party’s promise to scrap ESLA if voted into power.
Story by: Sena Nombo/Radiogoldlive.com
