Spokesperson for the Ministry of Energy, Richmond Rockson, has disclosed that the government will lose an estimated GH¢200 million in revenue following its decision to reduce fuel prices.
According to Richmond Rockson, the decision by the President and Cabinet was a deliberate effort to prioritise the welfare of citizens, even at a financial cost to the state.
Speaking on Eyewitness News on Wednesday, April 15, Richmond Rockson explained, “This will lead to a net loss of about GH¢200 million that could have accrued to the government, but it is a necessary sacrifice to bring relief to the people of Ghana”.
His comments follow Felix Kwakye Ofosu, the Minister of Government Communications, who has announced that, effective April 16, 2026, which is the next pricing window, the Government will absorb GHC2.00 pes litre on diesel and GHC0.36 per litre on petrol.
According to Felix Kwakye Ofosu, intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
In a statement signed by the Minister of Government Communications, Felix Kwakye Ofosu stated, “Effective April 16, 2026, which is the next pricing window, the Government will absorb GHC2.00 pes litre on diesel and GHC0.36 per litre on petrol. This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by the Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month. During this period, the government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
The government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks”.
It will be recalled that President John Dramani Mahama has ordered the Finance and Energy ministries to take urgent measures to cushion Ghanaians from the impact of rising fuel prices, linked to tensions involving Iran, Israel, and the United States.
On Thursday, April 9, following an emergency Cabinet meeting after President John Mahama’s return from an official trip to France, the decision was made.
In a post shared on X, Minister of State in charge of Government Communications, Felix Kwakye Ofosu wrote, “OUTCOMES of EMERGENCY Cabinet Session on fuel price.
1. Ministers of Finance and Energy directed by the Cabinet to ensure a reduction in fuel price in the next pricing window through the SUSPENSION of some taxes and margins( said taxes and margins to be announced at the next pricing window).
This is to last for four weeks and is subject to review based on the evolving situation in the Middle East conflict and movements in crude oil prices.
2. Minister for Transport directed to ensure expedited deployment of recently acquired 100 Metro Mass Transit Buses in addition to existing ones on high-traffic corridors and ensure maintenance of LOWER TRANSPORT FARES on those buses than what private operators charge.
3. ALL MINISTERS and SENIOR GOVERNMENT APPOINTEES to adhere STRICTLY to the President’s directive on cancellation of fuel allocations and allowance”.
See the post below:
Government Cushions Ghanaians, GHS 2 off diesel, GHS 0.36 off petrol. pic.twitter.com/t96SGU9sYl
— Felix Kwakye Ofosu (@FelixKwakyeOfo1) April 15, 2026