Ghana temporarily suspends fuel taxes to ease price pressure

Ghana’s government will temporarily suspend part of its taxes and levies on fuel in an effort to curb rising petrol and diesel prices, government spokesperson Felix Kwakye Ofosu said.

The measures are expected to take effect within a week, while the final list of suspended charges will be agreed after consultations with market participants, Caliber.Az reports, citing Reuters.

Ghana, which imports about 70% of its refined fuel, is heavily dependent on global oil prices.

Amid rising costs driven by the Middle East conflict, fuel prices in the country have surged sharply: petrol has increased by around 15% to $1.21 per litre, while diesel has risen by 19% to $1.55 per litre.

Authorities said the tax suspension will be temporary—initially for four weeks—after which it will be reviewed depending on market conditions.

Additionally, the transport ministry has instructed the accelerated deployment of new Metro Mass buses on congested routes to ease transport pressure and reduce travel costs for the public.

By Bakhtiyar Abbasov