President John Dramani Mahama has convened an emergency Cabinet meeting to address the sharp rise in fuel prices, driven by escalating global tensions linked to the Middle East conflict.
Speaking on the second day of the Kwahu Business Forum 2026 on Saturday, April 4, the President said the meeting would focus on immediate and practical measures to ease the burden on consumers.
“I have called for this emergency cabinet meeting to decide on specific measures we can take to cushion petroleum prices while we hope the conflict comes to an end. There are adjustments we can make, particularly in the margins, to help maintain relatively stable prices as we pray for the war to cease,” he said.
He reaffirmed the government’s commitment to protecting households and businesses, noting that Cabinet would review the full fuel price structure and consider targeted interventions.
“The government remains fully committed to easing the burden on citizens. The cabinet will examine various aspects of the fuel price build-up and consider interventions to provide relief,” President Mahama stated.
Fuel prices have risen sharply since April 1, with petrol increasing by about 15% to roughly GH¢13.30 per litre, while diesel surged nearly 19% to around GH¢17.10 per litre, according to the National Petroleum Authority. The hikes are largely attributed to rising global crude prices and supply disruptions tied to tensions in Iran and the broader Middle East.
Despite the pressure, the President sought to reassure the public. “I can confidently tell you that the economy will not collapse because of the war in Iran,” he emphasised.
He also praised transport operators for keeping fares unchanged despite rising fuel costs.
“I want to express my sincere gratitude to the transport unions for their patience and understanding. We did not anticipate this situation, but they have held off on increasing fares. I am confident they will continue to exercise restraint as we work together to improve the situation,” he said.
