Mahama Orders GH¢2 Per Litre Diesel Price Cut to Ease Fuel Costs From August 4
President John Mahama has ordered a temporary reduction in the regulatory margin on diesel in Ghana to mitigate rising living costs. The measure, effective for one month, aims to prevent commercial transport fare hikes and curb inflation.
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Government intervention in fuel pricing is a critical tool for managing economic stability and public sentiment in developing economies facing currency volatility.
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President John Mahama has ordered a GH¢2.00 per litre cut in the regulatory margin on diesel, with the measure taking effect on Tuesday, August 4, 2026.
Felix Kwakye Ofosu, Minister for Government Communications and Spokesperson to the President, confirmed the decision in an official statement released on Monday, August 3, 2026.
President John Mahama orders a GH¢2.00 per litre cut in the regulatory margin on diesel. Credit: GOIL PLC/John Dramani Mahama Source: Facebook The statement indicated the move was taken in accordance with a Cabinet directive aimed at limiting the extent to which rising fuel costs feed into the broader cost of living.
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