Ghana’s President, John Dramani Mahama, has hinted at convening an emergency cabinet meeting in the coming days to address the rising cost of fuel at the pump, driven by the ongoing conflict in Iran and the broader Middle East region.
“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. 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 remains fully committed to easing the burden on citizens. The cabinet will examine various aspects of the fuel price build-up and consider interventions to provide relief,” President Mahama said while delivering a keynote address on the second day of the Kwahu Business Forum on Saturday, April 4, 2026, in the Eastern Region.
Fuel prices in Ghana surged significantly from April 1, 2026, with petrol selling at more than GHS13 per litre and diesel at more than GHS17 per litre, following the escalation of the Iran conflict, which caused a surge in global crude oil prices to over $100 per barrel during the latter part of March.
There have been several calls from groups and individuals for the government to consider reducing fuel taxes to provide some relief to consumers.
According to President Mahama, the meeting aims to explore practical measures to cushion Ghanaians from the impact of soaring fuel prices.
He further assured the public that the government has implemented measures to build a resilient economy capable of withstanding external shocks such as the Middle East conflict.
“I can confidently tell you that the economy will not collapse because of the war in Iran,” he emphasised.
The President also commended transport unions for their restraint in not increasing lorry fares despite the spike in fuel prices.
“I want to express my sincere gratitude to the transport unions for their patience and understanding. We did not anticipate this situation, but they have held off on increasing fares. I am confident they will continue to exercise restraint as we work together to improve the situation,” he said.
He urged citizens to remain patient as the government works to stabilise fuel prices and support Ghanaians through the current challenges.
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