Accra: The government has announced a temporary intervention aimed at easing the impact of rising petroleum prices on consumers, following increased volatility on the international oil market. Under the new measure, which takes effect from April 16, 2026, it will directly absorb part of the cost of fuel at the pump for one pricing window. This was contained in a statement issued on April 15, 2026, by the Minister of State in charge of Government Communications, Felix Kwakye Ofosu.
According to Ghana Web, the government will absorb GHS2.00 per litre on diesel and GHS0.36 per litre on petrol. This intervention is intended to cushion consumers and ease the cost burden on households, transport operators, and businesses. The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
The government further noted that the temporary intervention will remain in force for a period of one month. During this period, it will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments. It reaffirmed its broader economic goals, stating its commitment to price stability and recovery efforts.
The statement emphasized the government's dedication to maintaining price stability, protecting livelihoods, and supporting Ghana's economic recovery amid external shocks.