The government has announced a temporary GH¢2.00 per litre reduction in the regulatory margin on diesel as part of efforts to shield consumers and businesses from rising fuel costs.
The directive, issued by President John Dramani Mahama, takes effect on Tuesday, August 4, 2026, following Cabinet approval.
According to a statement released on August 3, 2026, by the Minister of State in Charge of Government Communications, Felix Kwakye Ofosu, the intervention is expected to provide immediate relief by helping to stabilise transport fares and ease the cost of living.
The government said the measure follows a similar intervention introduced in April 2026, which it described as successful.
The statement explained that the temporary reduction is aimed at preventing anticipated increases in transport fares, reducing inflationary pressures and limiting the impact of rising fuel prices on the cost of goods and services.
“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 said.
The government expressed confidence that the measure will provide short-term relief to households and businesses while supporting broader efforts to maintain economic stability.
Read the communication below:
