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July 29, 2026
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Fuel prices set to rise significantly in August first pricing window — COPEC warns
Money
Policy
Growth
Key Points
- Fuel prices are projected to increase significantly from Saturday, 1 August 2026, due to rising global crude oil prices and a depreciation of the Ghana cedi.
- The Chamber of Petroleum Consumers (COPEC) forecasts increases for petrol, diesel, and LPG in the first pricing window of August.
- Petrol prices are estimated to rise by 9.36% to an average of GH¢15.95 per litre, driven by a 12.58% increase in FOB price and cedi depreciation.
- Diesel is expected to see a 10.78% increase to GH¢19.45 per litre, following a 24.84% jump in its FOB price.
- LPG prices are also projected to increase by about 12.24% in FOB price, leading to an estimated GH¢13.80 per kilogramme, with COPEC urging government intervention to cushion consumers.
Why This Matters
This projected significant increase in fuel prices is critical for Ghana as it will inevitably lead to higher transportation costs, impacting the cost of goods and services across all sectors. This will exacerbate inflationary pressures, further straining household budgets and potentially slowing economic activity, making it harder for the average Ghanaian to afford basic necessities.
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September 13, 2026
Massive crowds flock to JoyNews–Republic Bank Habitat Fair on final day to explore mortgages and seek expert advice
- The second JoyNews–Republic Bank Habitat Fair in Accra concluded after three days, attracting massive crowds.
- The fair connected prospective homeowners with financial institutions, property developers, construction companies, and industry professionals.
- Attendees explored various mortgage options, including those from Republic Bank Ghana and the National Homeownership Fund (NHF).
- Exhibitors showcased a wide range of products and services, from building materials and security to renewable energy and interior design.
- The strong turnout underscores a growing interest in homeownership and the significant demand for accessible financing and expert guidance in Ghana.
September 13, 2026
COPEC calls for GH¢1 petrol, continuation of GH¢2 diesel subsidy amid price surge
- COPEC is calling on the Ghanaian government to extend fuel subsidies into the second pricing window of September.
- The Chamber proposes a GH¢1 per litre relief for petrol and maintaining the GH¢2 per litre subsidy on diesel.
- This appeal comes as COPEC projects significant price increases from September 16, with petrol reaching GH¢16.26/litre and diesel GH¢19.07/litre.
- The projected increases are attributed to substantial rises in international crude oil (from $89.30 to $103.07/barrel) and refined product prices.
- COPEC also urged Oil Marketing Companies to reduce their margins and the government to expedite Tema Oil Refinery's (TOR) expansion to 100,000 barrels per day to reduce import reliance.
September 12, 2026
IFC Managing Director Makhtar Diop to visit Ghana for investment talks
- The Managing Director of the International Finance Corporation (IFC), Makhtar Diop, will visit Ghana from September 15 to 17, 2026.
- The visit aims to engage government and private sector leaders to boost private investment and support Ghana's development priorities.
- Discussions will focus on mobilizing private capital, strengthening businesses, expanding access to finance, and creating jobs across key sectors like agribusiness, renewable energy, and the creative economy.
- Mr. Diop will meet senior government officials, business leaders, entrepreneurs, civil society, and academic institutions.
- IFC's commitments in Ghana significantly increased to $670 million in fiscal year 2026, up from $61 million in fiscal year 2021, reflecting its growing role in mobilizing private investment.