President John Dramani Mahama has summoned an emergency Cabinet meeting to confront the sharp rise in fuel prices, as global tensions linked to the Middle East conflict continue to push up the cost of petroleum products in Ghana.

Announcing the move on the second day of the Kwahu Business Forum 2026 on Saturday, April 4, the President said the meeting would focus on identifying immediate, practical interventions to ease the burden on consumers.

“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,” he said.

He added that the government remained committed to shielding households and businesses from the full impact of the increases, with Cabinet expected to review the entire fuel price build-up and consider targeted relief measures.

“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 stated.

Fuel prices have surged significantly since April 1, with petrol rising by about 15 per cent to roughly GH¢13.30 per litre, while diesel climbed by nearly 19 per cent to around GH¢17.10 per litre, according to data from the National Petroleum Authority. The increases, among the steepest in recent months, have been driven largely by higher global crude oil prices and supply disruptions linked to the conflict in Iran and the wider Middle East.

Despite the pressure, the President sought to reassure the public about the resilience of the economy. “I can confidently tell you that the economy will not collapse because of the war in Iran,” he emphasised.

He also commended transport operators for holding fares steady in the face of rising fuel costs, describing their restraint as critical in preventing a ripple effect on the cost of living.

“I want to express my sincere gratitude to the transport unions for their patience and understanding. We did not anticipate this situation, but they have held off on increasing fares. I am confident they will continue to exercise restraint as we work together to improve the situation,” he said.

The latest price adjustments have heightened concerns about inflationary pressures, particularly in transport and food prices, although the relative stability of the cedi has helped to soften the impact.

Government is understood to be considering options including adjustments to fuel margins and levies as part of broader efforts to stabilise prices while global conditions remain volatile.