File photo of fuel pump
Government, through the Ministry of Energy and Green Transition, is incurring significant financial losses in its efforts to cushion Ghanaians from rising fuel costs, according to the Head of Communications at the Minstry, Richmond Rockson.
Speaking on the latest fuel price intervention by government on TV3’s Key Points on April 18, 2026, Rockson disclosed that government is losing over GH¢200 million in each pricing window, amounting to more than GH¢500 million within a month.
“Government is losing over GH¢200 million per pricing window and over GH¢500 million within a month just to cushion Ghanaians,” he stated.
Government bearing cost of fuel relief, not industry - Energy Ministry
He explained that the development highlights the growing fiscal burden on the state as it seeks to maintain stability in petroleum prices amid global market fluctuations.
Fuel prices in Ghana are typically reviewed every two weeks, meaning the cumulative losses are mounting rapidly.
Rockson said the intervention is aimed at shielding consumers from sharp increases at the pumps, which could trigger higher transport fares, food prices, and an overall rise in the cost of living.
“And so you can have your taxes, you can have the levies. It goes into specific areas. But at the end of the day, it is not just an intervention by government,” he added.
Meanwhile, the government has announced a temporary intervention aimed at easing the impact of rising petroleum prices on consumers, following increased volatility on the international oil market.
Under the new measure, which takes effect from April 16, 2026, the government will directly absorb part of the cost of fuel at the pump for one pricing window.
This was contained in a statement issued on April 15, 2026, by the Minister of State in charge of Government Communications, Felix Kwakye Ofosu.
“Effective April 16, 2026, which is the next pricing window, the government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. This intervention is intended to cushion consumers and ease the cost burden on households, transport operators, and businesses.”
“The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana,” the statement said.
The government further noted that the “temporary intervention will remain in force for a period of one (1) month. During this period, it will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.”
"Fuel Price Review: Government is losing over GHS 200 million per pricing window and over GHS 500 within a month just to cushion Ghanaians."
— #TV3GH (@tv3_ghana) April 18, 2026
- Richmond Rockson, Head of Communications at the Ministry of Energy and Green Transition#TheKeyPoints #TV3GH pic.twitter.com/ufscYmpIXB
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