The Energy Ministry has said government is expected to lose about GH¢200 million following a temporary fuel price intervention aimed at cushioning consumers amid rising global oil prices.
Government on April 15 announced that it will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol, effective April 16, 2026, as part of measures to ease the impact of rising living costs driven by global market pressures.
Speaking in an interview, spokesperson for the Ministry of Energy, Richmond Rockson, explained that the decision has become necessary due to external shocks, particularly geopolitical tensions in the Middle East, which have pushed up international crude prices.
He noted that the global price increases have fed into domestic fuel costs, necessitating government’s intervention to reduce pressure on consumers.
“This will lead to a net loss of about GH¢200 million that could have accrued to the government, but it is a necessary sacrifice to bring relief to the people of Ghana,” he stated.
Mr. Rockson added that the move reflects government’s commitment to prioritising the welfare of citizens despite the fiscal impact.
