Fuel prices could see a reduction after a coalition of policy think tanks proposed immediate measures to ease pressure on consumers.
The proposal recommends a GH¢1.65 reduction in the petroleum price build-up.
The fuel prices proposal follows a directive by President John Dramani Mahama for the Ministries of Energy and Finance to review taxes, margins, and levies within the pricing structure.
In a joint statement issued on April 14, 2026, the groups—including IMANI Africa, COPEC, INSTEPR, and the Institute for Energy Security—suggested that the reduction should remain in effect for two months instead of the four weeks initially proposed by the government.
They explained that the extended period would allow for a more stable assessment of global market developments.
Beyond the immediate intervention, the coalition called for broader reforms, including a review and possible removal of certain taxes and levies considered burdensome.
They also recommended the establishment of a strategic reserve fund to stabilize fuel supply during price shocks.
In addition, the group urged increased investment in the Tema Oil Refinery to strengthen local refining capacity.
Analysts say adjustments to fuel prices could provide short-term relief while supporting long-term sector reforms.
