“This measure will prevent us from having problems with passengers regarding the issue of increased fares,” said Mr. George Bekoe, a transportation official in Koforidua.
The government approved a temporary reduction in fuel prices on April 20, 2026. The reduction is GH¢2 per litre for diesel and GH¢0.36 per litre for petrol. This decision responds to rising international petroleum prices.
The intervention will last for one month. It aims to alleviate the burden on consumers and stabilize transport costs across the country.
However, the suspension of the BOST margin on diesel will lead to significant financial losses. BOST expects to lose close to GH₵40 million in April due to this measure.
Nat Salifu Acheampong, Executive Director of BOST, expressed concern: “GH₵40m off our books is serious business.” He emphasized that the margin on petrol remains intact while the margin on diesel has been suspended.
BOST relies on this margin to fund critical infrastructure projects. The implications of this suspension for future projects remain uncertain.
In Koforidua, some fuel stations reported unusually high sales volumes—5.5 million litres—compared to an average of 150,000 litres monthly at similar locations.
Benjamin Nsiah, a representative from CEMSE, stated, “We are not making conclusions. We are saying investigate the data and let the facts speak.” His comments reflect ongoing concerns about fuel sales viability amid fluctuating prices.
The government’s decision marks a significant shift in policy aimed at protecting consumers during a time of economic strain.
Details remain unconfirmed regarding how long the price reduction will last beyond one month or how it might impact future infrastructure investments.
