Mahama orders GH¢2 reduction in diesel price for one month

President John Dramani Mahama directed a temporary GH¢2 reduction in the regulatory margin on diesel on Monday, August 3. This directive, announced by the Presidency, follows a Cabinet decision and builds on a similar intervention implemented in April 2026. According to a statement signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, "His Excellency the President has directed that in line with the decision of Cabinet and the successful intervention implemented in April 2026, the regulatory margin on diesel be reduced by GH¢2.00 per litre for one (1) month."

The Presidency explained that this temporary measure is intended to cushion consumers, prevent transport fare increases, contain inflationary pressures, and reduce the impact of higher fuel prices on the cost of living. The directive will take effect from Tuesday, August 4, 2026, and will remain in force for one month unless reviewed by the government. The government will continue to closely monitor developments in the international energy market and implement additional policy measures where necessary to protect the interests of Ghanaians and sustain the country's economic recovery.