Diesel relief not funded from power sector resources - Energy Ministry
The Ministry of Energy and Green Transition dismissed claims on Monday, August 3, that the government's decision to reduce the regulatory margin on diesel by GH¢2.00 per litre will be financed with funds meant for the power sector. The Ministry stated the temporary measure will not affect electricity financing, insisting the intervention is being funded through adjustments to petroleum-related margins, levies, and taxes rather than resources allocated to the energy sector.
The clarification followed concerns raised after President John Dramani Mahama approved a one-month reduction in the regulatory margin on diesel, which takes effect on Tuesday, August 4, 2026. This measure applies only to diesel and forms part of Cabinet-approved interventions aimed at easing the cost of living. Ministry spokesperson Richmond Rockson explained that the government was only suspending or reducing certain petroleum-related margins and levies due to the state and the industry, stressing that no money earmarked for electricity financing was being redirected. He stated, "…we are not taking any money from the power sector…these are margins and levies that will be due government and the industry, but there will be some suspension in some cases and some reductions in some cases to be able to deal with that."
Quick Summary
The Ministry of Energy and Green Transition has addressed concerns regarding the funding source for the government's recent reduction in the
Summary - read the full story for complete context.

Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy

Ghana Gas delivers strong 2025 results with 97% profit growth; Jinapor urges continued investment
Ghana Gas's latest AGM has drawn attention to its operational and financial standing, prompting the Energy Minister to emphasize its critical
5h ago•2 min read

COPEC welcomes GH¢2 diesel subsidy but urges gov't to pursue long-term fuel strategy
While welcoming the diesel subsidy, COPEC's Executive Secretary raises concerns about the long-term implications for government finances.
5h ago•3 min read

NPA to revise diesel price floor following government's GH¢2 per litre subsidy
Discover how a new government intervention is poised to reshape the cost of diesel across Ghana.
7h ago•2 min read

Mahama Cuts Diesel Margin By GH¢2 To Avert Transport Fare Hike
Discover how President Mahama's latest directive on diesel prices could influence daily life and the economy in Ghana.
7h ago•3 min read





