President John Dramani Mahama has directed a temporary reduction of GH¢2.00 per litre in the regulatory margin on diesel, effective Tuesday, August 4, 2026.

The intervention, which follows a similar successful measure implemented in April 2026, was approved by Cabinet and is intended to provide immediate relief to consumers and businesses.

According to a statement issued on August 3, 2026, by the Minister of State in Charge of Government Communications, Felix Kwakye Ofosu, the move is aimed at preventing imminent increases in transport fares, curbing inflationary pressures, and limiting the ripple effects of high fuel prices on the cost of goods and services.

"This temporary intervention is intended to cushion consumers, prevent transport fare hikes, contain inflationary pressures, and mitigate the pass-through effect of higher fuel prices on the cost of living," the statement said.

See the full statement below:



JKB/MA

Tsatsu Tsikata, Kwame Peprah, Hackman Owusu Agyemang pay tribute to Victor Gbeho