President Mahama orders GH₵2 reduction in diesel price.

President John Dramani Mahama has directed a significant reduction in the price of diesel, ordering a GH₵2 cut in the regulatory margin. This measure is set to take effect on Tuesday, August 4, 2026, and will remain in place for one month.

The directive aligns with a recent Cabinet decision and builds upon a successful intervention of a similar nature that was first implemented in April 2026. The government stated that this temporary measure is intended to provide financial relief to consumers and to prevent any subsequent increases in transport fares, which are often closely linked to fuel costs.

This move by President Mahama is expected to offer some respite to Ghanaians grappling with economic pressures, particularly concerning the cost of transportation and goods. The reduction aims to stabilize prices in the transport sector and indirectly impact the cost of living for the general populace.