The government has announced a temporary intervention to cushion consumers against rising fuel prices, as volatility on the international petroleum market continues to drive up local costs.
Effective 16 April 2026, the start of the next pricing window, the State will absorb GH¢2 per litre on diesel and GH¢0.36 per litre on petrol. The move is aimed at easing the burden on households, transport operators, and businesses grappling with higher operating expenses.
In a press statement issued on Wednesday, Government Communications Minister Felix Kwakye Ofosu said the decision was taken in response to sharp increases in global oil prices, which have translated into higher ex-pump prices in Ghana, with ripple effects across transportation and general economic activity.
The measure, which has received Cabinet approval, will be in force for one month. During this period, the government says it will closely monitor developments on the global market and assess whether additional policy responses may be necessary.
“Effective April 16, 2026, which is the next pricing window, the Government will absorb GH¢2 per litre on diesel and GH¢0.36 per litre on petrol,” the statement said.
“This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.”
Rising fuel prices have been a key driver of inflationary pressures in recent months, affecting the cost of goods and services across the economy. The latest intervention is expected to provide short-term relief, particularly for the transport sector, where fuel costs significantly influence fares.
The government reiterated its commitment to maintaining price stability and safeguarding livelihoods amid external shocks.
“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” the statement added.
Analysts say the effectiveness of the intervention will depend largely on global oil price trends over the coming weeks, as well as the government’s fiscal space to sustain such subsidies if pressures persist.
