Emissions levy

The CEO of Independent Power Generators, Ghana (IPGG) has hinted at a potential increase in electricity prices following the introduction of the Emissions Levy. Dr. Elikplim Kwabla Apetorgbor has therefore called for a comprehensive review of electricity generation tariffs. In a statement, he explained such a review will protect the financial obligations of power producers. He suggested that an upward adjustment in tariffs would be necessary to address the heightened operational costs resulting from the implementation of the Emissions Levy. “This law imposes a levy of GHS100 per tonne on carbon dioxide equivalent emissions from the electricity producers…As a direct…

The Ghana Revenue Authority (GRA) has announced that the Emissions Levy Act, 2023 (Act 1112), which imposes a levy on carbon dioxide equivalent emissions on internal combustion engine vehicles will begin today. The Emissions Levy is in line with the government’s efforts aimed at tackling greenhouse gas emissions to promote the use of eco-friendly technology and green energy. The levy amount varies based on the type of vehicle and its engine capacity. Motorcycles and tricycles are required to pay GH₵75 per annum, while motor vehicles, buses, and coaches up to 3000 cubic centimetres are required to pay GH₵150 per annum.…