President John Dramani Mahama has reassured Ghanaians that the country remains safe from a fuel crisis despite rising prices triggered by the ongoing conflict in Iran and the broader Middle East.
He insisted that Ghana has sufficient petroleum reserves and that urgent government measures are underway to cushion citizens from the impact.
Speaking at the 2026 Kwahu Business Forum in Mpraeso in the Eastern Region on Saturday, April 4, 2026, President Mahama assured citizens that Ghana is in no danger of running out of fuel, adding that the government is actively working to secure additional supplies.
He sought to calm the public, emphasising that the government is working hard to protect Ghanaians from the effects of the global shock.
“As we have always said, shocks will come and you cannot always predict these external events. However, you must build an economy that is resilient enough to withstand them. I know Iran and Israel are fighting, but so far, our economy has shown remarkable resilience,” he stated.
“We have six months of export cover and six weeks of petroleum stocks, so there is no danger of us running out of petroleum products. Even as we utilise the reserve stock, we are simultaneously replenishing it,” President Mahama added.
Touching on rising fuel prices, the President disclosed that he has convened an emergency cabinet meeting to address the situation.
“I have called for this emergency cabinet meeting to decide on specific measures we can take to cushion petroleum prices while we hope the conflict comes to an end. There are adjustments we can make, particularly in the margins, to help maintain relatively stable prices as we pray for the war to cease.”
“The government remains fully committed to easing the burden on citizens. The cabinet will examine various aspects of the fuel price build-up and consider interventions to provide relief.”
President Mahama further assured the public that his administration has put measures in place to build a resilient economy capable of withstanding external shocks such as the Middle East conflict.
“I can confidently tell you that the economy will not collapse because of the war in Iran,” he emphasised.
Fuel prices in Ghana surged significantly from April 1, 2026, following the escalation of the Iran conflict, which has pushed global crude oil prices sharply higher.
According to the National Petroleum Authority (NPA), petrol prices rose by about 15% to around GH¢13.30 per litre, while diesel increased by about 19% to GH¢17.10 per litre for the April 1-15 pricing window.
This represents one of the steepest hikes in recent months and forms part of ongoing upward adjustments driven by international factors, including higher global oil prices and supply disruptions linked to the Middle East conflict.
Although the relatively stable Ghanaian cedi has helped reduce the impact, the increases have raised concerns about higher transportation costs and inflation.
The government is currently reviewing options such as reducing fuel margins and levies to ease the burden on consumers.
