Minister for Finance, Cassiel Ato Forson, has presented four major statutory reports to Parliament, detailing the country’s energy sector levies, petroleum revenue utilization, public debt status, and public-private partnership projects for the 2025 financial year.
Addressing the House on Tuesday, Dr. Forson explained that the reports to Parliament were presented in fulfillment of legal obligations under various financial and petroleum management laws.
These are:
(a) Annual Report on the Management of the Energy Sector Levies and Accounts for the Year 2025
(b) Reconciliation Report on the Petroleum Holding Fund for the Year 2025
(c) Annual Public Debt Management Report for the 2025 Financial Year
(d) And Annual Report on Public-Private Partnership Projects for the Year 2025
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The annual report on the management of energy sector levies and accounts for 2025 captures how petroleum tax revenues accrued to the state were utilized, particularly in relation to energy sector debt recovery.
According to the Minister, the report details how the monies received and accrued to the state on the back of all the petroleum taxes were utilized, particularly the one relating to the management of the energy sector debt recovery
The second report, he said, focused on the reconciliation of the Petroleum Holding Fund for 2025, a constitutional and statutory requirement under the Petroleum Revenue Management Act.
“Right Honourable Speaker, this happens to be an obligation imposed on us as part of the Petroleum Revenue Management Act that the Minister responsible for finance must submit a report of the previous year to Parliament detailing what accrued to the state in terms of the petroleum funds and how this amount was used,” he explained.
According to him, the report provides a full account of petroleum revenues received by the state and the manner in which the resources were utilized.
The third report was the Annual Public Debt Report, which outlined Ghana’s debt position and debt sustainability outlook.
The Finance Minister announced that Ghana had recorded an improvement in its debt distress rating for the first time in over a decade.
“Mr Speaker, I’m proud to inform the House that Ghana, for the first time since 2013, has achieved a moderate risk of debt distress from unsustainable debt to high risk of debt distress and now a moderate risk of debt distress,” he said.
He assured that comprehensive details on the country’s debt situation were contained in the report for parliamentary scrutiny.
Dr. Forson explained that the Annual Report on Public-Private Partnership (PPP) Projects for 2025 is another mandatory report aimed at updating Parliament on ongoing and future PPP initiatives.
He assured that copies of all four reports to Parliament with detailed explanations have been submitted to the Table Office for circulation among Members of Parliament.