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Government to absorb part of fuel prices for one month amid global volatility

Government to absorb part of fuel prices for one month amid global volatility

The Government of Ghana has announced temporary measures to cushion consumers against rising petroleum prices driven by volatility on the global market.

In a statement issued by Minister for Government Communications Felix Kwakye Ofosu, the government said it will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol, effective April 16, 2026, which marks the next pricing window.

The intervention is aimed at easing the cost burden on households, transport operators, and businesses, who have been impacted by recent increases in ex-pump fuel prices.

According to the statement, the decision, approved by Cabinet, comes in response to rising petroleum prices on the international market, which have significantly affected domestic fuel costs.

The measure will remain in force for one month, during which authorities will closely monitor developments in the global oil market and assess the need for further policy adjustments.

He added that the government reaffirmed its commitment to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks

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