The government has announced a temporary intervention to absorb part of recent increases in petroleum prices, in a move aimed at easing the financial pressure on households, transport operators, and businesses.
According to a statement from the Presidency Communications Office, the measure will take effect from April 16, 2026, coinciding with the next fuel pricing window.
Under the intervention, the government will absorb GH¢2.00 per litre of diesel and GH¢0.36 per litre of petrol.
The decision, approved by Cabinet, comes in response to rising global petroleum prices, which have driven up ex-pump fuel costs in Ghana in recent weeks.
Officials say the one-month measure is designed to provide immediate relief to consumers while helping to stabilise prices in the local market.
The government is expected to monitor developments in the international oil market closely during this period to determine whether further policy action will be necessary.
A statement signed by the Minister for Government Communications and Presidential Spokesperson, Felix Kwakye Ofosu, indicated that the intervention forms part of broader efforts by the administration of President John Dramani Mahama to cushion citizens against external economic shocks.
“The government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of global uncertainties,” the statement emphasised.
The temporary subsidy is expected to bring some relief to transport fares and operating costs, which often rise in response to fuel price increases, thereby offering a short-term buffer for consumers and businesses alike.
By 1960news.com
