Ghana’s fuel prices are expected to rise from May 16, 2026, despite the government’s possible extension of its intervention measures. According to #JoyNews, the increase is attributed to rising global crude oil prices and a weakening cedi.
The government had previously announced a temporary intervention to absorb GH¢2.00 per liter on diesel and GH¢0.36 per liter on petrol, effective April 16, 2026, to cushion consumers from the impact of rising global crude oil prices. However, Energy Minister John Abdulai Jinapor indicated that the government is considering adjusting fuel levies to mitigate the price increase.
The National Petroleum Authority (NPA) had raised mandatory price floors for the April 1-15 pricing window, lifting petrol by about 15% to GH¢13.30 per liter and diesel by roughly 19% to GH¢17.10 per liter. The government has directed the Transport Ministry to accelerate the deployment of newly acquired Metro Mass Transit buses on high-traffic corridors to alleviate the impact on consumers.
Energy analyst Kwadwo Poku warned that fuel prices may rise further if global tensions persist, stating that Ghana currently lacks the policy tools needed to cushion consumers from rising fuel costs. The Price Stabilisation and Recovery Levy, typically used to absorb price shocks, cannot be adjusted under the country’s ongoing IMF program.
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Source: Stella Sunu
