Mahama Cuts Diesel Margin By GH¢2 To Avert Transport Fare Hike

President John Dramani Mahama has directed a temporary GH¢2.00 per litre reduction in the regulatory margin on diesel, effective from Tuesday, August 4, 2026. This move, announced by the Presidency, is aimed at cushioning consumers against rising fuel prices and preventing an increase in transport fares. The directive will remain in force for one month unless the government decides otherwise after reviewing prevailing market conditions.

The intervention follows a Cabinet decision and builds on a similar intervention introduced in April this year. Government stated the temporary reduction is intended to cushion consumers from the impact of higher diesel prices, prevent transport fare increases, contain inflationary pressures, and minimise the ripple effects of fuel price increases on the general cost of living. The Presidency noted that the intervention forms part of broader efforts to protect households and businesses while sustaining the country's ongoing economic recovery. "The Government will continue to monitor developments in the international energy market closely and take additional policy measures, where necessary, to protect the interests of the Ghanaian people and sustain economic recovery," the statement said.