The government has stepped in with a one-month fuel price intervention, slashing diesel by GH¢2 per litre and petrol by GH¢0.36 per litre, effective April 16.
The move responds to rising global crude prices caused by the Israel-US war with Iran, which has disrupted shipments through the Strait of Hormuz.
Spokesperson Felix Kwakye Ofosu said the government will temporarily absorb the costs.
In parallel, 100 new Metro Mass buses will be deployed on major corridors with fares lower than those of private operators.
President Mahama has also reaffirmed a ban on fuel allowances for appointees.
Crude prices have jumped from $63 in February to over $95 per barrel. The government says it will review the situation after one month.
