President Mahama has ordered a temporary reduction of GHS 2.00 per litre on the regulatory margin for diesel, taking effect on Tuesday, 4 August 2026.
The directive, approved by Cabinet, will remain in force for one month to provide immediate financial relief to consumers and stabilise transport costs nationwide.
According to an official statement issued on Monday, 3 August 2026, by Felix Kwakye Ofosu, Spokesperson to the President and Minister of Government Communications, the decision mirrors a similar successful intervention implemented in April 2026.
The move primarily aims to cushion consumers against high living expenses, prevent public transport fare hikes, and contain overall inflationary pressures resulting from volatile energy markets.
The government emphasised that the policy will remain active for 30 days unless explicitly reviewed.
Officials added that they will continue to closely monitor developments in international energy markets and implement additional policy measures as necessary to safeguard the interests of the Ghanaian public and sustain broader economic recovery.
Have a news tip or a correction regarding this story? Reach out to our editorial desk at newshubgh2026@gmail.com or contact us on 0245975627.