Bussiness
Persistent increment in fuel prices a big challenge – Energy Ministry
The Ministry of Energy has admitted that the current persistent increments in fuel prices are a big challenge for them.
“Mr Speaker indeed it has been a challenge, this is a worldwide phenomenon that is happening,” he said.
Deputy Energy Minister William Owuraku Aidoo speaking on the floor of Parliament on Wednesday said even though the increase has been a change they are working assiduously to address it.
He entreated the public to hope that the steps taken by the government to address the increase in petroleum products “will continue to afford us enough supply of petroleum in this country.”
Fuel prices are set to go up by at least 1 cedi this week prompting commercial transport operators to announce there may be an increase in transport fares again.
Reacting to this, Mr Owuraku Aidoo said the situation could have been worse as some countries do not even have enough fuel.
The Ministry further outlined some measures government has taken to slow the impact on consumers.
According to Mr Aidoo, the government in April 1 st 2022, government reduced margins in the petroleum price build up by 15p per litre.”
He added that “to help stabilize the petroleum products government instituted temporary forex cover for foreign imports through the Bank of Ghana.”
Source: MyJoyOnline.com
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
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