A spokesperson for the Ministry of Energy and Green Transition, Richmond Rockson, has debunked claims that the government’s decision to slash the regulatory margin on diesel by GH¢2.00 per litre will be financed with resources from the power sector.

He explained that the intervention would have no impact on electricity financing, stressing that the government plans to fund the measure through other means, including levies, taxes, and adjustments to certain petroleum-related margins.

Speaking during an interview on Channel One TV on Monday, August 3, 2026, Rockson said the government would not divert funds from the power sector to finance the reduction.

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"We are not taking any money from the power sector. These are margins and levies that will be due to 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," he said.

He also dismissed suggestions that taxpayers would eventually bear the cost through reduced investment in electricity infrastructure, noting that the power sector has its own financing arrangements and would not suffer any funding shortfall as a result of the intervention.

His remarks come after President John Dramani Mahama directed a temporary GH¢2.00 per litre reduction in the regulatory margin on diesel, effective Tuesday, August 4, 2026, as part of measures to cushion consumers against rising fuel prices.

The directive, announced by the Minister for Government Communications and Presidential Spokesperson, Felix Kwakye Ofosu, follows measures approved by Cabinet to reduce the impact of higher fuel prices on the cost of living.

ANAS/MA

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