A coalition of civil society organisations, including IMANI Africa and COPEC Ghana, has proposed a GH¢1.65 reduction in the price build-up of petroleum products as part of measures to ease fuel costs for consumers.
The proposal follows a directive from President John Dramani Mahama instructing the Ministries of Energy and Finance to review taxes, margins, and levies in the petroleum pricing structure to provide temporary relief.
In a joint statement on Tuesday, April 14, 2026, the groups said, “We propose a cumulative reduction of GHC1.65 from the current petroleum price build up which should last for a period of TWO months instead of the FOUR weeks proposed by the government.”
They argued that the relief should not overstretch government finances, noting expected revenue inflows from crude oil production and exports within the period.
The coalition further recommended broader reforms, including a full rationalisation of petroleum taxes and levies to permanently reduce cost burdens on consumers.
They also proposed the establishment of a Strategic Reserve Fund, financed through selected levies, to support fuel purchases and stabilise prices during market shocks.
Additionally, the groups called for renewed investment in refining capacity, particularly the modernisation of the Tema Oil Refinery (Tema Oil Refinery), to improve domestic fuel processing and reduce reliance on imports.
The group stressed that such reforms are necessary to address what they described as recurring fuel price volatility in the country.
Source: Starrfm.com.gh
