The government has announced measures to reduce fuel prices in response to global supply chain disruptions caused by restrictions on the Homos street, a key route for crude oil transportation.
The restrictions have led to a significant reduction in the quantity of fuel transported, resulting in increased prices and insurance costs.
Addressing the press at the Presidency earlier today, April 9, 2026, after a
cabinet meeting at an emergency session, directed the Finance and Energy Ministers to remove certain taxes and margins on fuel, effective from the next pricing window, expected in about a week.
This move is aimed at cushioning Ghanaians from the impact of rising fuel prices.
The Transport Minister has been instructed to expedite the deployment of newly acquired Metro Mass buses to high-traffic corridors, charging lower fares than private sector operators.
This is expected to alleviate difficulties caused by the price increases.
The President has also reminded ministers and senior government officials to adhere to his ban on fuel allowances and allocation of fuel.
The reduction in fuel prices is initially for a period of four weeks, subject to review.
The government says that despite a stable economic environment, the global supply chain disruptions have had a significant impact on Ghana’s fuel prices.
The move is aimed at mitigating the effects of the price increases on citizens.
The government will review the situation after four weeks and take appropriate actions as necessary.
The public is awaiting the implementation of these measures, expected to bring relief to Ghanaians struggling with the rising cost of living.
By Prosper Kwaku Selassy Agbitor
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