President John Dramani Mahama, has directed the Ministers of Finance and Energy and Green Transition to temporarily suspend selected levies and margins on petroleum products to cushion consumers from rising fuel prices.
The move follows recent increases in pump prices driven by global supply disruptions linked to tensions in the Middle East involving the United States, Israel and Iran.
According to the directive, the suspension will take effect for an initial period of at least four weeks, after which it will be reviewed based on prevailing market conditions.
Details of the specific levies to be removed are yet to be announced. However, the Minister of Government Communications, Hon. Felix Kwakye Ofosu, indicated that further clarification will be provided ahead of the next pricing window on April 16.
The decision was taken during an emergency Cabinet meeting held on Thursday, April 9, shortly after the President returned from an official visit to France.
Fuel prices have surged in recent weeks, with petrol selling above GH¢13 per litre and diesel exceeding GH¢17 per litre, prompting calls for government intervention from industry players and the general public.
As part of additional measures to ease the burden on commuters, the President has directed the Minister for Transport to fast track the deployment of about 100 Metro Mass Transit buses, with fares expected to be reduced to provide more affordable travel options.
President Mahama also reiterated the need for strict compliance with the existing ban on fuel allowances for ministers and senior government officials, as part of broader efforts to cut public expenditure.
The interventions form part of a coordinated strategy by government to mitigate the impact of rising fuel costs on households and businesses.