Govt losing over GH¢500m monthly to cushion fuel prices — Energy Ministry
The Ministry of Energy and Green Transition says government is incurring significant financial losses as it intervenes to shield consumers from rising fuel prices.
According to the Ministry’s Head of Communications, Richmond Rockson, the state is losing more than GH¢200 million in each fuel pricing window—amounting to over GH¢500 million within a month.
Speaking on Key Points on April 18, 2026, Rockson said the intervention highlights the growing fiscal burden on government as it seeks to stabilise petroleum prices amid global market volatility.
“Government is losing over GH¢200 million per pricing window and over GH¢500 million within a month just to cushion Ghanaians,” he stated.
Fuel prices in Ghana are typically reviewed every two weeks, meaning the cumulative cost of the intervention is rising rapidly.
Rockson explained that the policy is designed to protect consumers from sharp increases at the pump, which could lead to higher transport fares, rising food prices, and an overall increase in the cost of living.
“And so you can have your taxes, you can have the levies. It goes into specific areas. But at the end of the day, it is not just an intervention by government,” he added.
Meanwhile, government has introduced a temporary measure to ease the impact of rising petroleum prices following increased volatility on the international oil market.
In a statement issued on April 15, 2026, the Minister of State in charge of Government Communications, Felix Kwakye Ofosu, announced that the intervention took effect from April 16, 2026.
Under the policy, government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol for one pricing window.
The measure, approved by Cabinet, is expected to run for an initial period of one month, during which authorities will monitor developments in the global oil market and determine whether further adjustments are necessary.
Officials say the intervention is aimed at easing the burden on households, transport operators, and businesses as fuel prices continue to fluctuate globally.
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