Audio By Carbonatix
The Communications Spokesperson for the Energy Ministry, Richmond Rockson, has clarified that the government’s recent fuel price intervention should not be misconstrued as a subsidy, but rather a deliberate move to shield consumers from rising costs.
Speaking on JoyNews’ PM Express programme on Wednesday, April 15, Mr Rockson explained that the policy reflects a direct financial sacrifice by government in response to global market pressures.
“This is not a subsidy because some people are wondering when the government is going to bring in some revenue measures or cash from somewhere to make up the amounts absorbed to pay the OMCs but this isn't a subsidy,” he said.
He emphasised that the decision is intended to cushion Ghanaians from the impact of increasing fuel prices driven by volatility on the international petroleum market.
“It is a hit that the government has taken to protect the consumer,” he added.
The intervention follows the government’s announcement that, effective April 16, 2026, it will absorb GH¢2 per litre on diesel and GH¢0.36 per litre on petrol as part of measures to ease the burden on households, transport operators, and businesses.
In a statement issued by Felix Kwakye Ofosu, the move was described as a temporary relief approved by Cabinet to stabilise prices and support economic activity.
The measure is expected to last for one month, during which authorities will monitor global oil price trends and determine whether further action is necessary.
Latest Stories
-
GJA opens entries for 30th Media Awards, introduces 2 new categories
34 seconds -
Ghanaian winger Ibrahim Sadiq joins Colorado Rapids in MLS
12 minutes -
Sister Love by Naina J.M.D. draws international praise ahead of October release
15 minutes -
Ghana Gas CEO calls for more investment in gas infrastructure
39 minutes -
Joy FM Back-to-School Discount Fair 2026 opens
39 minutes -
I’m not impressed by Ghana coach Carlos Queiroz – Odartey Lamptey
40 minutes -
I’m honoured to play at my second U-20 Women’s World Cup – Alex Tay
42 minutes -
8 feared dead as illegal mining pit collapses at Domi Keniago
44 minutes -
Eighth suspect arrested over fatal New Winneba violence
50 minutes -
Commercial fire at Agringanor brought under control by GNFS
52 minutes -
Mortgage repayments and existing debts should not exceed 50% of income – Republic Bank
1 hour -
Republic Bank to offer up to 100% mortgage financing at JoyNews Habitat Fair clinic.
1 hour -
You sounded like an NDC official – Arthur Kennedy criticises Chief Justice over SOE comments
2 hours -
Lands Minister inspects Ankobra, cites progress in galamsey fight
2 hours -
GRA clarifies phone, laptop duty rules; number of items not automatic trigger
2 hours