Accra: President John Dramani Mahama has revealed that Ghana is considering engaging with Nigeria's Dangote Refinery to secure fuel supplies, as global shortages continue to drive up prices. Speaking during a Presidential Dialogue with Civil Society Organisations (CSOs) at Jubilee House on March 30, 2026, President Mahama said the government remains ready to cushion Ghanaians from the shocks associated with rising fuel costs amid ongoing disruptions caused by the Middle East conflict.
According to Ghana Web, President Mahama discussed various measures the government is implementing to mitigate the impact of rising fuel prices. These include reviewing margins to cushion consumers and utilizing the recently imposed 1 cedi fuel development levy. He expressed hope that the ongoing conflict would soon end, allowing for more stable petroleum prices in Ghana. However, he emphasized the government's concern over the ripple effects of fuel prices on the transport sector and overall inflation.
President Mahama also highlighted the gradual resumption of crude oil processing at the Tema Oil Refinery (TOR), which he believes will help stabilize Ghana's fuel supply and lessen the impact of rising global oil costs on the local economy. He mentioned the possibility of entering a Memorandum of Understanding (MoU) with Dangote Refinery to import finished petroleum products, emphasizing the importance of comparing prices on the international market to make informed decisions.
The announcement comes amid growing concerns over international fuel supply constraints, which have contributed to higher prices at the pump and increased costs for businesses and consumers in Ghana. Although details of the proposed deal, including volumes and timelines, have not been disclosed, the government is exploring all options to ensure steady fuel availability and protect Ghanaians from market volatility.