Government has announced a temporary intervention to cushion consumers against rising petroleum prices, following increases on the international oil market that have begun to reflect at the pumps in Ghana.
Under the measures, effective April 16, 2026, which marks the next pricing window, government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. The move is aimed at easing the cost burden on households, transport operators and businesses.
The intervention, approved by Cabinet, comes in response to heightened global oil market volatility, which has significantly driven up ex-pump prices of petroleum products across the country.
According to a statement issued by the Presidency Communications, the temporary relief will remain in place for one month, during which government will closely monitor developments on the international oil market.
“During this period, government will continue to assess market conditions and determine the need for further policy adjustments,” the statement said.
The Presidency noted that the measure forms part of broader efforts to maintain price stability and protect livelihoods, particularly as the economy continues its recovery from external shocks.
“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external pressures,” the statement added.
The announcement was signed by Felix Kwakye Ofosu, MP, Spokesperson to the President and Minister for Government Communications.
The intervention follows sustained pressure from transport operators and consumer groups who have expressed concern over the impact of fuel price increases on fares, food prices and general cost of living.
By: Christian Akorlie / businesspostonline
