John Mahama Cuts Diesel Margin to Lower Fuel Prices
President John Mahama directed a temporary GHC2 reduction in the diesel regulatory margin starting August 4 to protect Ghanaian consumers from rising fuel costs.
John Mahama directed a temporary GHC2 reduction in the regulatory margin on diesel to shield consumers from increasing fuel prices. Announced on August 3, 2026, following a Cabinet decision, the measure takes effect on August 4 and is scheduled to last for one month.
Government spokesperson Felix Kwakye Ofosu stated the intervention aims to contain inflationary pressures, prevent transport fare hikes, and mitigate the impact of higher costs on households and businesses. This action responds to currency pressures and volatility within international energy markets.
The move follows similar government interventions implemented in April 2026. The government intends to monitor global energy trends and may introduce additional measures to support national economic recovery.
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