The government is set to forgo an estimated GH¢200 million in revenue following its decision to temporarily reduce fuel prices, in a move aimed at easing the burden on consumers.
The intervention, which takes effect from April 16, 2026, will see the state absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. Officials say the measure is designed to cushion households, transport operators, and businesses grappling with rising living costs.
Spokesperson for the Ministry of Energy, Richmond Rockson, disclosed the projected revenue loss in an interview on Wednesday, April 15. He noted that the decision comes at a time when international petroleum prices are climbing, largely due to geopolitical tensions in the Middle East that have pushed up import costs.
According to him, the move approved by the President and Cabinet reflects a conscious policy choice to prioritise the welfare of Ghanaians despite the financial implications.
“This will result in a revenue shortfall of about GH¢200 million to the state, but it is a necessary trade-off to provide relief to Ghanaians,” he stated.
The temporary reduction will be implemented over a one-month period, during which government will monitor developments in the global oil market before deciding on the next steps.
In a statement issued on April 15, the Presidency reaffirmed its commitment to maintaining price stability, protecting livelihoods, and supporting the country’s broader economic recovery in the face of ongoing external pressures.
