12th November 2024

Fuel price increase is the key player in Ghanaian Hardship! It is a fact that cannot be disputed! What is the use of TOR? The Tema Oil Refinery is a white elephant, but the government has added more officials for what reason? Why can’t the government revamp TOR? Libya succeeded because they solely ran their oil. This is not magic, it is about using the mindset!

The high fuel price cost in Ghana is attributed to the fuel price increases, when will this sad development end?

The petrol price in Ghana was 15.52 Ghanaian cedis (GHS) per litre as of June 03, 2024, or around one US dollar. Compared to the prices in April of the same year, this indicated a 0.53 cedi gain, on June 6, 2024.  The Institute for Energy Security (IES) has forecast that fuel prices will rise once more in the first half of June 2024. This is in line with developments in the domestic FX and foreign petrol markets, as the Cedi’s performance deteriorates.

The petrol price in Ghana was 15.52 Ghanaian cedis (GHS) per litre as of June 03, 2024, or around one US dollar. When compared to the prices in April of the same year, this indicated a 0.53 cedi gain.

 

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