President Mahama orders GH¢2 reduction in diesel price for one month
Temporary one-month diesel price relief aims to ease transport costs, curb inflation and support Ghana's economic recovery.
President John Dramani Mahama has directed a temporary reduction of GH¢2.00 per litre in the regulatory margin on diesel as part of measures to cushion consumers against rising fuel costs and ease pressure on the cost of living.
The directive, announced by the Presidency on Monday August 3, follows a Cabinet decision and builds on what the government described as the successful fuel price intervention implemented in April 2026.
According to the statement, the GH¢2 reduction will take effect from Tuesday, August 4, 2026, and will remain in force for one month, unless reviewed earlier by the government.
The Presidency said the intervention is aimed at preventing increases in transport fares, containing inflationary pressures and mitigating the impact of higher fuel prices on households and businesses.
It noted that the temporary measure forms part of broader efforts to protect consumers while supporting the country’s ongoing economic recovery.
The government further indicated that it would continue to closely monitor developments in the international energy market and introduce additional policy measures where necessary to safeguard the interests of Ghanaians.
The statement was signed by the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu.
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