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
-
Jason Arday: 10 things you may not know about British-born Ghanaian former Cambridge professor found dead at 41
1 hour -
KNUST partners with government to manufacture locally-made agricultural machines and smart traffic lights
1 hour -
Government to add constitutional referendum to 2027 District Assembly elections
2 hours -
Government disburses GH¢23.1 billion to clear road contractors’ arrears – Roads Minister
3 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
4 hours -
Galamsey: ‘Challenge is prosecution, not arrest’ — Lands Minister
4 hours -
MTN to build 80 new sites across the five regions of the north as part of a $1.1bn investment
5 hours -
The Polygamist’s creator says women see themselves reflected in her Netflix hit
6 hours -
UEW Hospital suspends OPD services over GAUA strike
7 hours -
Muzic Mensah selected for Boomplay’s inaugural ‘NEXT WAVE’ Programme
7 hours -
Prime Insight to tackle legal vacation controversy and $1million AKSA bribery case
8 hours -
Ghanaian evacuee from South Africa dies on arrival in Accra
8 hours -
Suicide and the fight to stay alive
9 hours -
POS Foundation raises alarm over student cohabitation, sexual harassment on university campuses
9 hours -
Nandom NPP primary heats up as four candidates enter 2028 race
9 hours