The Government has announced a series of urgent measures aimed at easing the burden of rising fuel prices on Ghanaians, following the impact of escalating geopolitical tensions involving the United States, Israel and Iran.
At an emergency Cabinet meeting chaired by President John Dramani Mahama, key directives were issued to stabilise the energy sector and protect consumers from the ripple effects of increasing global crude oil prices.
Addressing the media in Accra, Presidential Spokesman Felix Kwakye Ofosu said the Ministers of Finance and Energy had been tasked to immediately initiate steps to reduce fuel prices by removing selected taxes and margins within the next pricing window.
He explained that the decision was taken after Cabinet assessed the sharp rise in global oil prices triggered by the ongoing conflict, which has significantly influenced fuel costs worldwide, including in Ghana.
Beyond fuel price interventions, Cabinet also turned its attention to the transport sector, directing the Minister of Transport to fast-track the deployment of 100 newly acquired Metro Mass buses.
The buses, which arrived in the country recently, are expected to operate along major routes to provide affordable transport options and ease the financial pressure on commuters.
Mr Ofosu further disclosed that additional batches of buses—expected in August and November—would bring the total to 300, strengthening efforts to stabilise transport fares.
He emphasised that the buses would be required to maintain lower fares compared to private operators, particularly during peak hours, to ensure relief for the commuting public.
The measures form part of broader government efforts to mitigate the economic impact of external shocks and maintain stability in key sectors amid global uncertainty.
