The Government has announced temporary measures to ease the impact of rising fuel prices, with a commitment to absorb part of the cost of petroleum products for consumers over the next month.
In a statement issued on Wednesday, Presidential Spokesperson and Minister for Government Communications, Felix Kwakye Ofosu, said the intervention will take effect from April 16, 2026, which marks the next fuel pricing window.
“Effective April 16, 2026, Government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol,” he stated.
He explained that the decision, approved by Cabinet, is intended to cushion households, transport operators, and businesses from the increasing cost of fuel driven by global market pressures.
“This intervention is intended to cushion consumers and ease the cost burden on households, transport operators, and businesses,” he noted.
According to the statement, the move comes in response to sustained increases in international petroleum prices, which have significantly pushed up ex-pump prices in Ghana in recent weeks.
“The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana,” the statement added.
Government indicated that the intervention is temporary and will remain in place for one month, during which authorities will continue to monitor developments on the global oil market.
“This temporary intervention will remain in force for a period of one month, while Government continues to closely monitor developments in the global oil market and assess the need for further policy adjustments,” Mr. Kwakye Ofosu said.
He reaffirmed Government’s broader commitment to economic stability and protecting citizens from external shocks.
“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” he stressed.
The announcement comes at a time of heightened concern over the cost of living, with fuel prices playing a key role in transportation and general market prices across the country.
Story: Patrick Asford Boadu
