Published by Multicdb News | June 13, 2025
The International Monetary Fund (IMF) has endorsed the Government of Ghana’s decision to introduce a GHC1 fuel levy, stating that the measure will support the country in achieving its fiscal consolidation targets under the ongoing Extended Credit Facility (ECF) program.
In a statement issued by the IMF, the levy was described as a “critical revenue-enhancing measure” aligned with Ghana’s medium-term fiscal framework. According to the Fund, this new policy will help generate much-needed domestic revenue to stabilize the economy, reduce public debt, and sustain essential public services.
The fuel levy, which forms part of broader reforms aimed at rebuilding macroeconomic stability, has been met with mixed reactions from the public. While some citizens and civil society groups have raised concerns about the cost-of-living implications, the government maintains that the move is necessary to restore investor confidence and meet program benchmarks agreed upon with the IMF.
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Analysts suggest that for the policy to succeed, transparency and accountability in the use of the funds will be critical. Public trust in fiscal measures remains fragile, and many are calling for clear reporting on how revenue from the levy is spent.
Multicdb continues to monitor developments around Ghana’s economic recovery efforts, committed to informing citizens on decisions that impact daily life and national development.
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