We’ll Take Decisive Decisions on Fuel if Iran-US-Israel War Persists- Mahama
President John Dramani Mahama says his government will take decisive actions to cushion fuel consumers if the current war between Iran and Israel, with the support of the United States.
Addressing Civil Society Organisations (CSOs) on March 30, 2026, he stated that the government remained concerned about the situation.
He acknowledged that fuel prices are the drivers of the overall inflation in the country.
“So far, it’s not affected us as much, but if this thing continues for some more, then we will have to take some decisive decisions.”
Among the interventions, he plans to institute to cushion consumers when the impact gets dire are the removal of fuel price margins and the Ghc1 levy.”
“Some of the weapons we have are to look at the margins to try and cushion consumers, and then the recently imposed GHC1 development levy, but my hope is that sooner than later this will come to an end, so we see more stable fuel costs.”
President Mahama, however, indicated that the cedi’s stability against major trading currencies was mitigating the impact of the war on fuel prices within the country.
“If this had happened when the cedi was Ghc17, we probably could not have survived, but the good thing for us is that the cedi remains stable, and so the push factor in the oil price buildup is not coming from the currency. The push factor is coming from the price of crude oil and finished products.”
Story by Hajara Fuseini
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