
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
-
Rare copy of US Declaration of Independence found by volunteer in UK archives
4 hours -
New coach and mum’s cooking help Osaka bring back the fun
4 hours -
Nigeria says two nationals killed in South Africa amid rise of anti-migrant attacks
4 hours -
Thousands welcome home Cape Verde footballers after stunning World Cup run
5 hours -
EasyJet reaches ‘agreement in principle’ over potential takeover
5 hours -
Two murder arrests made after man dies in London stabbing
5 hours -
‘Definitely felt a big bang’: Delta plane hit by firework while landing in Chicago
5 hours -
Santos latest midfielder considered by Man Utd
5 hours -
Real Madrid sign defender Dumfries from Inter Milan
5 hours -
Mexico fans fail in bid to wake up England players
5 hours -
Osaka stuns world number one Sabalenka to reach quarter-finals
6 hours -
Haaland double as Norway stun Brazil to reach World Cup quarter-finals
6 hours -
Djokovic breaks Federer’s Wimbledon record to reach quarters
6 hours -
Trump called FIFA head to seek review of US player red card – Source
6 hours -
Melcom commends Fire Service, NADMO, others for swift response to Tema Free Zones warehouse fire
7 hours