The Government of Ghana has announced temporary measures to mitigate rising petroleum prices, citing ongoing volatility on the global market.
In a statement issued on Wednesday, April 15, 2026, and signed by Felix Kwakye Ofosu, the government disclosed that it will absorb part of fuel costs beginning April 16, 2026, the next pricing window.
Under the intervention, the state will cover GH¢2.00 per litre of diesel and GH¢0.36 per litre of petrol. The move is aimed at cushioning consumers and reducing the financial burden on households, transport operators, and businesses across the country.
According to the statement, the decision—approved by Cabinet—follows significant increases in petroleum product prices on the international market, which have directly impacted ex-pump prices in Ghana.
The government indicated that the measure will remain in effect for one month. During this period, authorities will closely monitor global oil market trends and assess whether further policy adjustments will be necessary.
Reaffirming its broader economic goals, the government emphasized its commitment to maintaining price stability, safeguarding livelihoods, and supporting Ghana’s recovery amid external economic pressures.
By: Bernard Mensah | Planbfmonline.com
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