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August 2, 2026
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Sammi Awuku questions government over fresh fuel price hikes, demands answers on levy promise
Money
Policy
Key Points
- Akuapem North MP Sammi Awuku has criticized the government over the latest fuel price increases, questioning the effectiveness of existing mechanisms.
- The National Petroleum Authority (NPA) announced new price floors for August, with petrol at GH¢14.53/litre (+9.4%) and diesel at GH¢16.97/litre (+18.3%).
- Awuku questioned why Ghanaians bear rising costs despite the Price Stabilisation and Recovery Levy (PSRL) and argued the NPA's price floor prevented prices from falling when international crude dropped.
- He challenged the government on unfulfilled 2024 manifesto promises to use the PSRL to cushion consumers and demanded transparency on when the levy would be reduced.
- The MP warned that the price adjustments would have a ripple effect on transport costs and the prices of goods and services across the country.
Why This Matters
Fuel price increases directly impact the cost of living for Ghanaians, raising transport fares and the prices of goods and services, thus placing additional financial burdens on households and businesses. The debate surrounding the Price Stabilisation and Recovery Levy and the NPA's pricing mechanism highlights concerns over government policy transparency and its commitment to cushioning citizens against economic shocks. This situation reflects broader economic challenges and public dissatisfaction with government accountability regarding economic promises.
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