Audio By Carbonatix
Senior Vice President of IMANI Africa, Kofi Bentil, has stressed that while government efforts to cushion citizens against rising fuel prices are necessary, they cannot be maintained indefinitely without deeper structural reforms.
The government, from April 16, 2026, absorbed GH¢2 per litre on diesel and GH¢0.36 per litre on petrol to cushion consumers against rising fuel prices driven by volatility on the international market.
Speaking in an interview on JoyNews' Newsfile on Saturday, Mr Bentil explained that Ghana’s vulnerability to fuel price shocks is rooted in decades of dependence on global oil markets, particularly developments in the Middle East.
“It is the necessary thing for governments to seek to relieve citizens when situations like these occur. But this cannot be sustained.”
He traced the challenge back to the 1970s oil crisis, noting that since then, the global economy has largely been at the mercy of geopolitical tensions in oil-producing regions.
However, Mr Bentil pointed out that Ghana’s circumstances have improved significantly, with the country now producing its own crude oil and operating a refinery—developments that present an opportunity to reduce reliance on external markets.
He further highlighted the strategic advantage of regional infrastructure such as the Dangote Refinery in Nigeria, which he described as a potential partner in building a more stable and resilient fuel supply system in West Africa.
“What some countries have done is to find ways to partially insulate themselves from these global shocks. Ghana can do the same,” he noted.
Mr Bentil stressed the need for medium to long-term planning focused on strengthening local refining capacity, improving supply chains, and leveraging regional partnerships.
“This relief is important, but it is not sustainable. What we need is deliberate planning to move beyond the constant shocks tied to Middle East developments,” he added.
Latest Stories
-
Italy, Ghana unite 40 artists for ‘Beyond Creation’ exhibition at Accra Art Centre
2 minutes -
Premature to call for Sports Minister’s removal while CID probe is ongoing – Ernest Norgbey
22 minutes -
NPP mourns Samuel Arthur Odoi-Sykes
39 minutes -
Stay out of World Cup visa probe to avoid interfering with CID investigations – Ernest Norgbey to politicians
49 minutes -
Bono East Minister inspects ‘Big Push’ roads; contractor on Tankor-Fiema-Busunya road ahead of schedule
52 minutes -
Scrutiny is not disloyalty – Chief of Staff defends serious journalism at 30th GJA Awards launch
53 minutes -
Abuse case: Nana Akua’s husband Harold unable to appear in court after hospital admission – Police
1 hour -
Mahmud Kabore picks NDC Ashanti Regional Communication Officer nomination forms
1 hour -
KNUST Career Services pioneer Selina Doe Angmor named among 2026 40 Under 40 honourees
1 hour -
Nana Akua domestic abuse case: Police to arraign husband after hospital discharge
1 hour -
NHIS coverage rises to 70% after government uncaps levy – Health Minister
2 hours -
World Cup visa scandal: I’ll go after anyone who dents Mahama’s gov’t – Ernest Norgbey
2 hours -
GCNM calls for a permanent office complex, more funding for specialist nursing training
2 hours -
Salomey Awiti Baffoe reunites with family after GH¢100k bail
2 hours -
We’ll modernise Accra without losing its heritage – Roads Minister assures Ga Mantse
2 hours