Fuel pricing needs a heart, not just a formula

By Kwabena Adu Koranteng
 
When fuel prices rise, it’s not just about numbers. It’s about families skipping trips, traders raising prices, and drivers working longer hours for the same pay. It’s about students walking instead of taking a trotro. And yet, when the Cedi finally breathes—when it gains against the dollar—we’re told to be patient. “Give it time,” they say.
 
But time doesn’t refill an empty tank. Nor does it put change in the driver’s hand.
 
For years, Ghanaians have shouldered the weight of complex levies and margins buried in our fuel prices. A portion of every litre we buy goes to funds we barely hear about—some noble in purpose, but many outdated or poorly justified.
 
The truth? The average Ghanaian does not need a lecture on international markets. What we need is a fuel pricing system that responds fairly when the economic tide turns in our favor.
 
We are not asking for handouts. We are asking for fairness.
 
When the Cedi weakens, fuel prices go up—swiftly. So when it strengthens, they should come down swiftly too. If they don’t, the system is not just inefficient. It is unjust.
 
The NPA and the government have a duty to the people, not just the petroleum sector. Transparency must be matched with compassion. Policy must reflect reality.
 
Ghanaians are doing their part. It’s time for the fuel pricing regime to do its part. Enditem

Email: Korantenhadu@ghanaeyereport


 
 

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