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April 4, 2026
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There is no imminent fuel shortage – President Mahama assures Ghanaians amid Iran conflict
Money
Policy
Growth
Key Points
- President Mahama assured Ghanaians there is no imminent fuel shortage, with six weeks of petroleum reserves, despite the ongoing Iran conflict.
- An emergency cabinet meeting has been convened to discuss measures to cushion citizens from rising fuel prices, potentially adjusting fuel margins and levies.
- Fuel prices in Ghana surged significantly on April 1, 2026, with petrol rising by 15% to GH¢13.30/litre and diesel by 19% to GH¢17.10/litre.
- The government is committed to easing the burden on consumers and has measures in place to build an economy resilient to external shocks.
- Ghana also boasts six months of export cover, contributing to its economic stability amidst global uncertainties.
Why This Matters
This article highlights the direct impact of global geopolitical events on Ghana's domestic economy, particularly the cost of living and transportation. The government's proactive response to ensure fuel supply and mitigate price hikes is crucial for maintaining economic stability, controlling inflation, and preventing social unrest. It also underscores Ghana's efforts to build economic resilience against external shocks.
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