President of Ghana, John Dramani Mahama, has called for an emergency Cabinet meeting to address the recent surge in fuel prices, driven by the ongoing conflict in Iran and tensions across the Middle East.
The President made the announcement while delivering the keynote address on the second day of the Kwahu Business Forum on Saturday, April 4, 2026. He said the emergency meeting would focus on identifying practical measures to cushion Ghanaians from the impact of the rising petroleum prices.
According to President Mahama, government is considering adjustments within the fuel price structure, particularly margins and levies, to help stabilise prices while the country monitors developments in the Middle East conflict.
“I have called for this emergency Cabinet meeting to decide on specific measures we can take to cushion petroleum prices while we hope the conflict comes to an end. There are adjustments we can make, particularly in the margins, to help maintain relatively stable prices as we pray for the war to cease,” he said.
He assured the public that government remains committed to easing the burden on citizens and will carefully review the components that make up fuel prices to identify possible relief measures.
The President also sought to calm fears about the impact of the international crisis on the Ghanaian economy, stating that the country has implemented measures to build a more resilient economy capable of withstanding external shocks.
“I can confidently tell you that the economy will not collapse because of the war in Iran,” he emphasised.
President Mahama also commended transport unions for their restraint in holding off on increasing transport fares despite the sharp rise in fuel prices. He expressed appreciation for their cooperation and urged them to continue exercising patience while government works to stabilise the situation.
Fuel prices in Ghana increased significantly from April 1, 2026, following the escalation of the Middle East conflict, which pushed global crude oil prices upward and disrupted supply. According to the National Petroleum Authority, petrol prices rose by about 15 percent to around GH¢13.30 per litre, while diesel increased by approximately 19 percent to about GH¢17.10 per litre for the April 1 to April 15 pricing window.
Although the relatively stable Ghana cedi has helped reduce the full impact of the global price increases, the fuel price hikes have raised concerns about rising transport costs, inflation, and the general cost of living.
Government is therefore expected to announce measures in the coming days after the emergency Cabinet meeting as part of efforts to cushion consumers and stabilise the economy.