From April 1, fuel costs will be cut by one Cedi.

By April 1, 2022, the Ghana Chamber of Bulk Oil Distributors (COBD) predicts a price drop of up to $1 per liter in petrol and diesel.

This followed multiple meetings between the COBD and the Bank of Ghana (BoG) and other stakeholders to devise actions aimed at lowering pump prices.

Additional initiatives have been agreed upon, according to Senyo Hosi, the Chamber's Chief Executive, and are expected to reduce rates by Friday.

"The exchange rate adjustments that the government and the Central Bank are looking at will be the fundamental factor that will deal with the difficulties we have." We should be able to observe a stronger position on petroleum pricing by April 1.

He remarked, "We'll be looking at anything around a cedi under a liter or half a cedi under a liter."

The government announced a 0.15 cut in gasoline products last week, which was rejected by commercial transport companies.

Other transport unions, including the Ghana Private Road Transport Union (GPRTU), the Concerned Drivers Association of Ghana, and others, have expressed disappointment.
They believe that if the government had not absorbed anything, they would have been better off.

Following the announcement by the Finance Minister, GPRTU Spokesperson Imoro Abass stated that the drivers would be considering a further hike in transportation rates.

"I'll say we're ungrateful if this is the best they can offer for us." "The 0.15 is pathetically inadequate," he told Joy News, "so we'd have to convene and decide which way we're going to move."

Within the previous two weeks, gas prices have risen across the country at major stations.

Many oil marketing companies have been selling for 9.70, 9.99, and 11.