Fuel Prices in Ghana: Government Announces Temporary Subsidy
The Government of Ghana has announced temporary measures to cushion citizens against rising fuel prices, as global petroleum market volatility continues to impact local costs.
In an official statement issued on April 15, 2026, and signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, the government confirmed it will absorb part of the cost of petroleum products beginning April 16, 2026.
Under the intervention, the state will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. This move is expected to ease financial pressure on households, transport operators, and businesses already grappling with high living costs.
According to the statement, the decision—approved by Cabinet—comes in response to sustained increases in global crude oil prices, which have significantly pushed up ex-pump fuel prices in the country.
The government emphasized that the measure is temporary and will remain in effect for one month, during which authorities will closely monitor developments in the international oil market. Further policy adjustments may be considered depending on how the situation evolves.
Officials say the intervention is part of broader efforts to maintain price stability, protect livelihoods, and support Ghana’s ongoing economic recovery in the face of external shocks.
This announcement comes at a time when fuel price hikes have been a major concern for many Ghanaians, affecting transportation fares, food prices, and overall cost of living.
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