Mahama Orders GH¢2 Reduction In Diesel Price For One Month

Aug 3, 2026 - 12:27

Aug 3, 2026 - 12:29

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Mahama Orders GH¢2 Reduction In Diesel Price For One Month

President John Dramani Mahama has directed a temporary GH¢2 reduction in the regulatory margin on diesel to cushion consumers against rising fuel prices and ease the cost of living.

The directive, announced by the Presidency on Monday, August 3, follows a Cabinet decision and builds on a similar intervention implemented in April 2026.

According to a statement signed by the spokesperson to the president and minister for government communications, Felix Kwakye Ofosu, the regulatory margin on diesel will be reduced by GH¢2 per litre for one month.

“His Excellency the President has directed that in line with the decision of Cabinet and the successful intervention implemented in April 2026, the regulatory margin on diesel be reduced by GH¢2.00 per litre for one (1) month,” the statement said.

The Presidency explained that the temporary measure is intended to cushion consumers, prevent transport fare increases, contain inflationary pressures and reduce the impact of higher fuel prices on the cost of living.

“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 noted.

The directive will take effect from Tuesday, August 4, 2026, and will remain in force for one month unless reviewed by the government.

According to the Presidency, the government will continue to closely monitor developments in the international energy market and implement additional policy measures where necessary to protect the interests of Ghanaians and sustain the country’s economic recovery.

“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,” the statement added.