Ghana’s government unveiled temporary measures on Wednesday to shield consumers from surging fuel prices driven by escalating tensions in the Middle East.
Officials said the state will absorb part of fuel costs, easing pressure on households already grappling with rising living expenses nationwide.
Government spokesperson Felix Kwakye Ofosu stated authorities will cover 2.00 cedis per litre on diesel and 0.36 cedis on petrol.
The announcement followed consultations with industry stakeholders to remove selected taxes and charges imposed across the fuel supply chain.
Authorities aim to trim costs at multiple levels, from distributors to retailers, to stabilise prices at the pump.
The intervention will take effect on April 16 and remain in place for one month, pending a review of market conditions.
Officials framed the move as part of broader efforts to preserve economic stability and support a fragile recovery.
Data from the state-owned oil marketing company GOIL shows petrol currently sells at 13.30 cedis per litre, while diesel stands at 17.10 cedis.
The government said it will continue monitoring global oil markets closely, signalling readiness to adjust measures if volatility persists.
The policy reflects a balancing act between fiscal constraints and public demand for relief as external shocks ripple through Ghana’s economy.