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August 17, 2026
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Petrol may drop to GHC15.82, diesel could rise to GHC17.73
Money
Policy
Growth
Key Points
- Petrol prices are projected to fall by up to 2.90% (to GH¢15.82/litre) from August 17, while diesel prices are expected to rise by 1.39% (to GH¢17.73/litre).
- LPG prices are also forecast to decline marginally by 0.93% (to GH¢16.21/kg).
- Despite these projections and reduced price floors by the NPA, most Oil Marketing Companies (OMCs) are expected to maintain existing pump prices, not immediately passing on reductions.
- The changes are driven by international petroleum market developments, including a rise in crude oil prices and divergent refined product movements, alongside local cedi appreciation.
- The National Petroleum Authority (NPA) has lowered price floors for petrol, diesel, and LPG for the current pricing window, reminding OMCs not to sell below these new floors.
Why This Matters
Fuel prices are a critical determinant of inflation, transportation costs for goods and services, and the overall cost of living for Ghanaians. The mixed outlook and potential for OMCs to not immediately pass on price reductions will directly impact household budgets and business operating costs. Government and industry interventions, alongside the stability of the cedi, are crucial for mitigating adverse economic effects and supporting broader economic stability and growth.
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August 24, 2026
GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
- The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
- GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
August 24, 2026
GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
- This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
- The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
- The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
August 23, 2026
Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.