The John Mahama- led government has announced bold measures to protect citizens from the rising cost of fuel, reaffirming its commitment to easing economic pressures on households and businesses.
Effective April 16, 2026, the government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol in the upcoming pricing window. This significant relief package is expected to cushion consumers, bring down transport costs, and provide much-needed support to businesses grappling with rising operational expenses.
Announcing the policy, Felix Kwakye Ofosu emphasized the government’s commitment to the welfare of citizens, stating, “This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.”
The intervention, approved by Cabinet, comes in direct response to escalating petroleum prices on the international market, which have sharply driven up ex-pump prices in Ghana. Government officials say the move reflects proactive leadership in the face of global economic pressures.
Explaining the rationale behind the decision, he noted, “The measure is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.”
This temporary measure will remain in place for one month, during which authorities will closely monitor global oil market trends and evaluate the need for further policy action. The move signals a government that is not only responsive but also prepared to adapt swiftly to changing economic conditions.
Providing assurance on future steps, he added, “Government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.”
Reiterating its broader vision, the government emphasized its unwavering commitment to maintaining price stability, safeguarding livelihoods, and steering Ghana’s economic recovery despite ongoing global uncertainties.
Highlighting this commitment, Felix Kwakye Ofosu stated, “Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.”