Felix Kwakye Ofosu
The Government has announced temporary measures to cushion consumers against rising petroleum prices, as global market volatility continues to push up fuel costs.
In a statement issued yesterday, the Presidency said the intervention, approved by Cabinet, will take effect from today, April 16, 2026, which coincides with the new pricing window.
Under the arrangement, 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 financial pressure on households, transport operators and businesses already grappling with high operating costs.
The statement, signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, noted that the decision was necessitated by rising petroleum prices on the international market, which have significantly influenced ex-pump prices in the country in recent weeks.
According to the statement, the intervention forms part of broader efforts to stabilise prices and shield the economy from external shocks.
“This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses,” the statement said.
The government indicated that the measure will remain in force for a period of one month, during which it will closely monitor developments in the global oil market.
It added that further policy adjustments would be considered depending on prevailing conditions after the initial implementation period.
The announcement comes at a time when global crude oil prices have been experiencing fluctuations due to supply chain disruptions and geopolitical tensions, with ripple effects being felt across fuel-importing countries, including Ghana.
The Presidency reaffirmed its commitment to protecting livelihoods and sustaining Ghana’s economic recovery.
“Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” the statement emphasised.
A Business Desk Report