Tax Cuts, Coupon Cancellation and More: Details of cabinet's emergency meeting on fuel prices

President John Dramani Mahama held an emergency meeting with his Cabinet on Friday, April 9, 2026, over the increase in crude oil prices due to the conflict in the Middle East.

The purpose of the meeting was to find ways to ensure that Ghanaians are not directly affected by the increases in global crude oil prices due to the war between the Islamic Republic of Iran and Israel and its ally, the United States (US).

The Minister of State in charge of Communication, Felix Kwakye Ofosu, in a post shared on social media on Friday, gave details of some of the major decisions taken by Cabinet at the emergency meeting.

According to him, one of the decisions made by the Cabinet was the suspension of some taxes on fuel.

“Ministers of Finance and Energy, directed by Cabinet, to ensure a reduction in fuel prices in the next pricing window through the SUSPENSION of some taxes and margins (said taxes and margins to be announced at the next pricing window).

This is to last for four weeks and is subject to review based on the evolving situation in the Middle East conflict and movements in crude oil prices,” he added.

The minister, who doubles as the spokesperson to the President, also said that the Minister of Transport has been directed to work with drivers to ensure that transport fares are not increased.

He also said that government appointees have been directed to comply with the President’s decision to cancel fuel coupons and allowances.

Middle East conflict drives up Ghana's fuel prices, transport fares - Study

Read his full post below:

OUTCOMES of EMERGENCY Cabinet Session on fuel price.

1. Ministers of Finance and Energy directed by the Cabinet to ensure a reduction in fuel price in the next pricing window through the SUSPENSION of some taxes and margins( said taxes and margins to be announced at the next pricing window).

This is to last for four weeks and is subject to review based on the evolving situation in the Middle East conflict and movements in crude oil prices.

2. Minister for Transport directed to ensure expedited deployment of recently acquired 100 Metro Mass Transit Buses in addition to existing ones on high-traffic corridors and ensure maintenance of LOWER TRANSPORT FARES on those buses than what private operators charge.

3. ALL MINISTERS and SENIOR GOVERNMENT APPOINTEES to adhere STRICTLY to the President's directive on cancellation of fuel allocations and allowance.

BAI

RNAQ Divorce: Court awards ex-wife GH¢300k, dismisses GH¢50m settlement claim



Ghana’s Rent Crisis: Ag Rent Commissioner details weak enforcement, rising costs