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A coalition of policy and energy think tanks has called on the government to reduce petroleum prices by GHC1.65, arguing that the move would provide immediate relief to consumers struggling with rising living costs.
The proposal was jointly made by IMANI Africa, COPEC Ghana, INSTEPR, and Institute for Energy Security Ghana following a directive from President John Dramani Mahama instructing the Ministries of Energy and Finance to reassess the petroleum price structure.
In a statement dated April 14, 2026, the groups proposed that the reduction should come from a comprehensive review of taxes, levies, and margins within the pricing build-up, rather than short-term or piecemeal adjustments.
They suggested a total reduction of GHC1.65 per litre and recommended that the intervention be extended over a two-month period instead of the four-week window proposed by government, to provide more stable relief for households and businesses.
The coalition argued that the extended timeframe would help ease economic pressures while still allowing for a future reassessment based on global oil market conditions.
They further maintained that the proposed reduction would not significantly impact Ghana’s fiscal position, citing expected revenue inflows from crude oil exports during the period.
The proposal comes amid continued public concern over fuel prices, which remain a major contributor to transport and food inflation across the country.
The group also stressed the need for broader, long-term reforms in Ghana’s petroleum pricing framework to prevent recurring price shocks, even as immediate relief for consumers remains the priority.
Source: citinews
