President John Dramani Mahama has directed an immediate reduction of the regulatory margin on diesel by GHS 2.00 per litre for a one-month period, a move aimed at tackling rising transport costs and easing economic pressure on citizens.
The directive, which takes effect from Tuesday, 4 August 2026, aligns with a decision recently reached by Cabinet following a similar intervention carried out earlier this year.
According to an official statement issued by the Presidency Communications on Monday, 3 August 2026, the temporary relief measure is designed to directly benefit consumers while preventing broader economic ripple effects.
“This temporary intervention is intended to cushion consumers, prevent transport fare hikes, contain inflationary pressures, and mitigate the pass-through effect of higher fuel prices on the cost of living,” the statement read.
Signed by Felix Kwakye Ofosu, MP, Spokesperson to the President and Minister for Government Communications, the statement emphasised that the government remains attentive to global trends affecting local energy pricing.
“The Government will continue to monitor developments in the international energy market closely and take additional policy measures, where necessary to protect the interests of the Ghanaian people and sustain economic recovery,” Mr Kwakye Ofosu stated.
The government indicated that the price reduction will remain in force for one month, unless otherwise reviewed.
By: Rainbowradioonline.com/Ghana
