President John Dramani Mahama has convened an emergency cabinet meeting to address the sharp rise in fuel prices triggered by the ongoing conflict in Iran and the broader Middle East region.
Delivering the keynote address on the second day of the Kwahu Business Forum on Saturday, April 4, 2026, President Mahama said the meeting would focus on practical measures to cushion Ghanaians from the impact of soaring fuel prices.
“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,” the President stated. “There are adjustments we can make, particularly in the margins, to help maintain relatively stable prices as we pray for the war to cease.”
The government, he assured the public, remains fully committed to easing the burden on citizens, with the cabinet set to examine various aspects of the fuel price build-up and consider interventions to provide relief.
President Mahama also sought to reassure Ghanaians about the broader economic impact, emphasising that measures have been implemented to build a resilient economy capable of withstanding external shocks.
“I can confidently tell you that the economy will not collapse because of the war in Iran,” he stressed.
The President further commended transport unions for their restraint in not increasing lorry fares despite the recent spike in fuel prices, expressing confidence that they would continue to exercise patience as the government works to improve the situation.
Steep hikes take effect
Fuel prices in Ghana surged significantly effective April 1, 2026, following the escalation of the Iran conflict, which has driven global crude oil prices sharply higher.
According to the National Petroleum Authority (NPA), petrol prices rose by approximately 15 percent to around GH¢13.30 per litre, while diesel increased by about 19 percent to GH¢17.10 per litre for the April 1–15 pricing window.
The increases — among the steepest in recent months — have raised concerns about higher transportation costs and inflation, although a relatively stable Ghanaian cedi has helped moderate the impact.
The government is currently reviewing options such as reducing fuel margins and levies to ease the burden on consumers.
President Mahama urged citizens to remain patient as the government works to stabilise fuel prices and support Ghanaians through the current challenges.
