In a statement issued on April 17, COMAC acknowledged the government’s directive as a necessary step to cushion consumers amid rising global petroleum prices. However, it noted that the intervention shifts significant costs onto industry players rather than the state absorbing them directly.

According to COMAC, while statutory taxes and levies on petroleum products remain unchanged, relief is being achieved through reductions in operational margins within the downstream sector.

These include the Primary Distribution Margin (PDM), Bulk Oil Storage and Transportation (BOST) margin, Fuel Marking Margin (FMM), and the Unified Petroleum Pricing Fund (UPPF).

The Chamber explained that the reduction in these margins is affecting the revenue streams of oil marketing companies, forcing them to pre-finance shortfalls. It cited an example where a company distributing 10 million litres of diesel monthly would need to advance about GH¢6.3 million to cover a 63 pesewa per litre shortfall before reimbursement.

COMAC further indicated that reimbursements typically take between 45 and 60 days, creating liquidity challenges and increasing financial risks for companies, especially as they are also required to meet tax obligations before receiving refunds.

While reaffirming its support for government’s efforts to stabilise fuel prices, the Chamber stressed that the contribution of industry players should not be overlooked.

It has therefore called on the National Petroleum Authority to reduce the reimbursement period to ease pressure on companies. Additionally, COMAC urged government to consider temporarily suspending or deferring certain taxes and levies during the intervention period to reduce the financial strain on the industry.

The Chamber reiterated its commitment to working with government and stakeholders to ensure sustainable and effective measures for both consumers and the petroleum sector.

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At a multi-party consultative meeting held on Thursday, April 16, 2026, stakeholders—including the Ghana Institute of Freight Forwarders (GIFF), Ghana Union of Traders Association (GUTA), Association of Customs House Agents Ghana (ACHAG), Freight Forwarders Association of Ghana (FFAG), Association of Customs Brokers Ghana (CUBAG), Ship Owners and Agents Association of Ghana (SOAGG), Association of Ghana Industries (AGI), Trade Advocacy Group Ghana, and the Exporters and Importers Association—agreed on a series of measures to address concerns surrounding the system.

A key outcome of the meeting was the immediate suspension of industrial action previously declared by the trade groups.

The parties also agreed to establish a Joint Business Committee Forum, replacing the initially proposed Technical Committee, to provide a more focused platform for addressing operational issues. The Forum is expected to develop its Terms of Reference for adoption.

To improve efficiency, all appeals lodged by importers, freight forwarders, and other stakeholders will now be resolved within 48 hours. The GRA will also strengthen its Appeals Unit by increasing personnel to meet this target.

Clarifying concerns from stakeholders, the GRA noted that the Publican AI system has not yet been applied to vehicle import processes, with existing clearance procedures remaining in place until further notice.

A timeline will also be set to address outstanding implementation challenges, with progress reports to be presented at subsequent meetings.

Commissioner-General of the GRA, Anthony Kwasi Sarpong, welcomed the outcome, describing it as a demonstration of the value of dialogue in driving reforms.

He acknowledged concerns raised by stakeholders regarding appeals timelines, valuation processes, and adjustment challenges, noting that the agreed measures provide clear and time-bound solutions.

Mr. Sarpong further reaffirmed the GRA’s mandate to protect national revenue, revealing that under-declared imports have cost the country over GH₵11 billion in the past five years.

He added that since the rollout of the Publican AI system, customs revenue has increased by 50%, with the majority of declarations being processed faster.

According to him, ensuring revenue mobilisation and facilitating legitimate trade are complementary goals, which the Authority remains committed to achieving through a fair, efficient, and responsive system.

𝗣𝘂𝗯𝗹𝗶𝗰𝗮𝗻 𝗔𝗜 𝗶𝗻 𝗖𝘂𝘀𝘁𝗼𝗺𝘀 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀: 𝗢𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗠𝘂𝗹𝘁𝗶-𝗣𝗮𝗿𝘁𝘆 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝘃𝗲 𝗠𝗲𝗲𝘁𝗶𝗻𝗴

On Thursday, 16 April 2026, @GhanaRevenue, in collaboration with @MoF_Ghana, convened a multi-party consultative meeting… pic.twitter.com/x5pUFiy9o7

— Anthony Kwasi Sarpong (@anthonyasarpong) April 17, 2026

In a statement issued on April 16, 2026, the Coalition said it presented four key demands, including the suspension of the system, restoration of the appeals process, full disclosure of the system, and clear terms of reference for a proposed multi-party committee.

According to the Coalition, government agreed to revert the appeals process to the previous system and ensure that all appeals are resolved within 24 hours. It was also agreed that the terms of reference for the committee would be jointly developed.

However, government declined calls to suspend the Publican AI system, instead urging the Coalition to channel its concerns through the committee. On disclosure, officials indicated that Coalition leaders would be granted access to interrogate the system, but full details of contracts and entities involved would not be disclosed.

While welcoming the concessions on the appeals process, the Coalition maintained its demand for the suspension of the system to allow for broader stakeholder consultations.

It noted that the decision to suspend the strike is in good faith, pending its first engagement with the committee, after which it will determine its next course of action.

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The organisation, which focuses on social impact, works to improve the livelihoods of smallholder farmers through sustainable agricultural value chain programmes.

These initiatives are designed to increase crop yields, boost farmer incomes and create employment opportunities, particularly for women and young people in agriculture.

To encourage greater female participation in the sector while maintaining high-quality service delivery, Greenfield ensures that about 90 per cent of its extension officers are women with strong academic and professional backgrounds from agricultural colleges and universities in Ghana.

According to the Founder and CEO, Dr Samuel Amissah, Greenfield in 2023 signed a five-year tripartite Memorandum of Understanding (MoU) with PBC and Pan-African Savings and Loans Company.

The partnership aims to provide sustainable agro-input credit to about 100,000 smallholder cocoa farmers, beginning in the Ashanti Region.

He explained that the programme is designed to increase crop yields, improve farmer incomes and enhance overall livelihoods. Under the initiative, farmers are required to form groups, elect leaders and undergo training in key areas such as financial literacy, good agricultural practices, environmental protection and the proper application of agro-inputs.

After completing the loan application process and meeting the requirements, farmer groups receive microloans from Pan-African Savings and Loans to purchase approved inputs, including motorised and knapsack spraying machines, insecticides, fungicides, personal protective equipment and liquid fertilisers. Repayment is scheduled to coincide with the major harvesting season.

As part of its impact assessment, Greenfield engages beneficiary farmers every crop season to evaluate progress, identify challenges and explore areas for improvement. In line with this, the organisation and its partners recently met with farmers under the GREPP programme at Akutuase in the Asante Akyem District to discuss strategies for expanding the initiative to reach more smallholder farmers.

Dr Amissah further noted that through the Plant Protection and Regulatory Services Directorate (Plant Protection and Regulatory Services Directorate), Greenfield has also engaged the Ministry of Food and Agriculture in the Bosomtwe District to support about 200 smallholder vegetable farmers. He added that the profiling of these farmers has already begun.

Speaking on PM Express Business Edition on Joy News Thursday, on the sidelines of the IMF Spring Meetings in Washington DC, he said the impact of falling fuel prices takes time to filter through the economy.

His comments come as government moves to cushion consumers from rising petroleum prices triggered by global shocks linked to tensions in the Middle East.

But Mr Boakye warned that price adjustments operate at multiple levels, making immediate relief unlikely.

“It will always happen at two levels, on the international market price and also the past three effects, even when prices come down from $100 per barrel to say $50 or $60, you’re not going to have goods and services reduced or the impact reversed almost immediately.”https://www.youtube.com/embed/hSh9luQaUWA?si=nKhCh4hFgV-d5y_L

He explained that businesses often delay passing on cost reductions to consumers. “Because people always want to make a margin. They want to watch this space to see whether they can even keep the same prices.”

According to him, this behaviour slows down the transmission of lower fuel prices into the broader economy.

“The pass-through effect is always slow, so that pass-through effect on the average consumer will drag for a longer period of time.”

He noted, however, that there is still hope for gradual improvement if global conditions stabilise.

“But we’re hoping that the market situation will normalise. Would, you know, stabilise as soon as possible, and that create a signal for us to look at the pass-through effect and see how we can reverse some of those impacts in the medium term.”

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The latest outlook aligns with the Fund’s October 2025 forecast and places Ghana slightly ahead of the projected 4.6 per cent growth for Sub-Saharan Africa.

This comes as global growth expectations have been revised downward to 3.1 per cent, largely due to rising energy costs and ongoing geopolitical tensions.

According to the IMF, Ghana’s positive outlook is underpinned by stronger-than-anticipated performance under its economic reform programme, supported by fiscal discipline and improving macroeconomic conditions.

The projection follows an estimated 6 per cent expansion in 2025, driven mainly by the non-oil sector and agricultural activity.

Inflation has seen a sharp decline, falling to 3.2 per cent as of March 2026. However, the Fund expects it to edge up to 7.9 per cent by the end of the year as price pressures gradually stabilise.

The easing trend has nonetheless created room for the Bank of Ghana to adopt a more cautious approach to monetary policy adjustments.

Despite external risks, including volatility in global commodity prices linked to tensions in the Middle East, Ghana’s economic outlook remains comparatively stable.

The IMF, however, cautioned that rising costs, reduced external support and lingering vulnerabilities could heighten risks to poverty and food security, stressing that sustained growth will depend on continued fiscal discipline and targeted social protection policies.

The engagement brought together leaders of major trade associations and government officials to address key grievances raised by the trading community.

At the meeting, traders demanded the immediate suspension of the Publican AI system, a return to previous appeal processes for valuation disputes, full disclosure of the system’s operational framework, and clear terms for participation in a proposed multi-party committee.

Following deliberations, government agreed to revert the appeal process to the status quo and ensure that all valuation disputes are resolved within 24 hours. To support this, the appeals committee will be expanded from six to twelve members.

Both parties also agreed to jointly develop terms of reference for a multi-party committee expected to begin work on April 20, 2026.

However, government declined calls to suspend the Publican AI system, urging stakeholders to channel their concerns through the newly proposed committee. It also maintained its position against full public disclosure of the system’s contractual and operational details, offering instead limited access to selected trade leaders for further engagement.

Despite expressing dissatisfaction with some outcomes, the Joint Business Forum described the concessions as a step forward compared to earlier engagements.

In a statement, the group reiterated its firm demand for the suspension of the system to allow for broader stakeholder consultation and transparency.

It stressed that the decision to halt industrial action is temporary, pending the outcome of discussions with the multi-party committee.

The coalition, which includes the Ghana Union of Traders’ Associations, Food and Beverages Association of Ghana, and other trade groups, says it remains committed to protecting the fairness and sustainability of Ghana’s trading environment.

Speaking on Adom FM’s Dwaso Nsem, Mr. Rockson described such assertions as misleading and inaccurate.

He acknowledged that there had been extensive stakeholder engagement with the National Petroleum Authority (NPA), the Chamber of Oil Marketing Companies (COMAC), among others. However, he explained that the reliefs represent revenues being sacrificed by government to give Ghanaians breathing space.

His comments come after the Chief Executive Officer of COMAC, Dr Riverson Oppong, claimed that recent reductions at the pumps—GH¢0.36 on petrol and GH¢2 on diesel—were the result of operational adjustments within the downstream petroleum sector, not government action.

“The claim that the relief comes solely from industry players and not government is simply incorrect and false,” he stated.

He explained that the government is deliberately forgoing revenues it is entitled to within the downstream petroleum sector in order to ease the burden on consumers.

“These are revenues legitimately due to the state for the provision of essential services, which the government has deliberately chosen to forgo to cushion consumers,” he said.

According to him, portraying the reductions as an industry-led move distorts the reality of the situation.

“It is misleading to suggest that the burden is being borne by the industry or the private sector. The reality is that the government is absorbing this cost in the public interest,” he added.

The exchange highlights growing debate within the energy sector over the true drivers of recent fuel price adjustments, as consumers continue to monitor changes at the pumps.

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Data gathered by JoyBusiness shows that the two companies are now selling petrol at GH¢13.27 per litre, while diesel is going for GH¢16.10 per litre.

GOIL, in a social media post, indicated that the move was influenced by government’s decision to remove selected margins to ease the burden on consumers.

The company noted that it had adjusted its prices to align with the National Petroleum Authority (NPA) price floor to provide relief to Ghanaians.

The move by these market leaders is expected to influence pricing decisions among more than 200 OMCs across the country, as competitors seek to maintain their market share.

Earlier data from the Chamber of Oil Marketing Companies suggested that petrol prices could rise by nearly 2% per litre, while diesel prices were projected to fall by about 3.8%.

The Chamber had argued that the depreciation of the cedi and rising global crude oil prices meant government’s intervention would not lead to significant reductions at the pumps.

However, industry players told JoyBusiness that those projections did not fully account for government’s decision to cut about GH¢2 on diesel through margins and approximately 36 pesewas on petrol.

They noted that prices could have increased more sharply if the interventions had not been introduced, with the new pricing expected to take effect from April 16, 2026.

National Petroleum Authority’s Price Floor

The National Petroleum Authority, on April 15, 2026, announced a new minimum price floor for petroleum products for the April 16 pricing window.

Under the revised structure, petrol has been reduced marginally to GH¢13.27 per litre from GH¢13.30, representing a 3 pesewa drop.

Diesel recorded the most significant reduction, falling to GH¢16.10 per litre from GH¢17.10, marking a decrease of GH¢1.00 — one of the largest drops in recent times.

Liquefied Petroleum Gas (LPG), however, saw a slight increase, rising to GH¢10.79 from GH¢10.71.

The NPA stated that, in line with the Petroleum Products Pricing Guidelines, all OMCs and LPG Marketing Companies are required to comply with the approved price floors for the period under review.

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Speaking on PM Express on Joy News on Wednesday, he argued that the reductions announced in pump prices are not backed by cuts in taxes or levies.

The presidency has recently indicated that it is stepping in to stabilise petroleum prices in response to global shocks, particularly tensions in the Middle East affecting supply and pricing.

But Dr Oppong says the reality on the ground tells a different story.

“The relief of GH¢0.36 on petrol and GH¢2 on diesel is true, but let me also highlight the fact that this is a relief that stems from operational margins of activities of the industry, and it has not touched the government as it did not touch any tax or levies that go into the government coffers.”

He warned that the approach effectively shifts the burden onto key institutions and private operators. “But this also means that NPA and even BOST would have to cough up external money to support this. So for me, the question here is whether this is a relief or pressure on institutions?”

While acknowledging that consumers will welcome lower prices, he maintained that the cost is being absorbed elsewhere.

“I believe that the ordinary Ghanaian will be happy. We are also happy because we buy fuel. But I think the term that we are giving it needs to be considered where there is no touch on tax.”

Dr Oppong further explained the strain on oil marketing companies, particularly with discounted diesel.

“Discounted diesel especially means that oil marketing companies will have to pre-finance the purchase and retailing of the product before government pays us after roughly one and a half months.”

He disclosed that the issue has already been raised with regulators. “In today’s meeting with NPA, we made NPA aware that these are working capital of the industry, and therefore we want payment as fast as possible.”

He illustrated the financial implications using a typical scenario.

“Assuming that one person lifts 10 million litres a month, that means that the person is in debt of GH¢603,000, which is more than half a million cedis that could have purchased fuel for retailing.”

To ease the pressure, the industry is also seeking concessions from tax authorities.

“On the other hand, we are also going to negotiate with GRA since no tax was touched, we want to plead with GRA to also delay tax payments from our members or the industry, that’s the LPG and oil marketing companies, and that also brings some buffer onto what we are doing.”

He did not hold back in his criticism of how the burden is distributed.

“Is just unfortunate. Let me put it very unapologetically here. It’s just unfortunate that the downstream business is always receiving the burden for the government; we are the ones always coming to solve problems for the government.”

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Deputy Public Relations Officer of the Union, Samuel Amoah, said the decision was taken in response to assurances by President John Dramani Mahama that measures have been put in place to ease fuel costs.

Speaking on Ekosii Sen on Asempa FM, he noted that transport operators will maintain current fares while monitoring developments in the fuel pricing regime.

“The president has assured that fuel prices will reduce, so we have rescinded our decision to increase transport fares and will hold on,” he said.

Government recently announced that it will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol for one month, effective April 16, 2026, as part of efforts to cushion consumers against rising global petroleum prices.

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Effective April 16, 2026, the start of the next pricing window, the State will absorb GH¢2.00 per litre of diesel and GH¢0.36 per litre of petrol. The intervention is aimed at reducing the burden on households, transport operators, and businesses.

The decision was announced in a statement issued on Wednesday, April 16, by the Minister for Government Communications, Felix Kwakye Ofosu. According to the statement, the move responds to sharp increases in global oil prices, which have contributed to higher ex-pump prices locally and impacted transport fares and economic activity.

The measure, which has been approved by Cabinet, will remain in force for one month. During this period, government will monitor global market trends and decide on any further policy interventions if necessary.

“Effective April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses,” the statement said.

It further noted that the initiative reflects government’s commitment to stabilising prices and protecting livelihoods amid external economic shocks, adding: “Government remains committed to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.”

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In a letter dated April 14, 2026, the GRA said the decision follows a meeting held at the Ministry of Finance on April 1, where it was agreed that a consultative platform was needed to deepen engagement with stakeholders.

According to the Authority, each organisation is expected to nominate three representatives to serve on the committee.

The GRA further disclosed that the committee’s first meeting is scheduled for Thursday, April 16, 2026, at the Ministry of Finance.

The initiative is aimed at ensuring broader stakeholder participation as government continues to roll out the AI-driven system to improve efficiency in customs operations.

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Speaking on Adom FM’s Dwaso Nsem programme, Odike argued that the current approach by the Finance Ministry risks deepening mistrust among business operators, especially when key concerns remain unresolved.

“The government cannot collect non-existent money,” he stressed, warning that unclear systems and weak communication could open room for abuse and distort revenue expectations.

He questioned why authorities would “wake up and impose decisions” without first engaging the Ghana Union of Traders’ Associations and other key stakeholders who operate daily at the ports and in transit trade corridors.

According to him, many traders still do not understand the workings of the new system, describing parts of it as “obscure,” a situation he believes is fuelling suspicion and encouraging informal practices.

Odike also drew attention to regional trade dynamics, noting that Ghana risks losing competitiveness if reforms are not carefully handled.

He pointed to Togo’s free port system as an example, explaining that container owners there can sell directly at the port, with buyers later paying duties where necessary.

He further argued that uneven policy environments are disadvantaging local businesses, saying foreign operators often benefit from more flexible conditions, including access to bonded warehouses that many Ghanaian traders still do not have.

“The successive governments have not been fair to the business community,” he added, urging authorities to reconsider the implementation strategy and prioritise dialogue.

Odike maintains that without such engagement, the reforms risk not only resistance but also unintended disruptions to trade flows and national revenue mobilisation.

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Speaking on Dwaso Nsem on Adom FM, he said the system is negatively impacting businesses within the food and beverages industry.

According to him, claims by the Ghana Revenue Authority that the system has generated a 46% increase in revenue could have unintended consequences, particularly rising food prices for consumers.

“The Publican AI system is hallucinating; you cannot put that thing at the port,” he added.

He argued that the cost burden imposed at the ports would ultimately be transferred to Ghanaians through higher prices of goods.

John Awuni further stated that corruption is not limited to the ports but is widespread across multiple sectors of the economy.

“Port is not the only area of corruption; it is riddled in this whole country,” he stated.

He referenced issues raised during sittings of the Public Accounts Committee, alleging instances of financial mismanagement and lack of accountability in public institutions.

He also pointed to inefficiencies in the Electricity Company of Ghana, noting reported losses in power distribution as another area where stricter systems could be applied.

He therefore called on government to expand the use of AI technology beyond the ports to other ministries and agencies if it is indeed effective in tackling revenue leakages and corruption.

“So, if AI has come and saved revenue and has even increased it, then let it not only be at the port but should be deployed to all the ministries because the only battle we are battling in this country is corruption,” he stated.

He argues that the Fund must introduce “step-changes” to make its interventions more effective amid mounting global and regional economic pressures.

The Bank of Ghana stressed that the review is critical at a time when African economies are facing an exceptionally challenging macroeconomic environment, driven by tight global financial conditions, rising debt vulnerabilities, and structural constraints that limit their ability to adjust.

Dr Asiama made the remarks while delivering a paper at the African Consultative Group Meeting with IMF Managing Director Kristalina Georgieva and members of the IMF Board.

He outlined two key policy proposals to improve the Fund’s response.

First, he called for urgent reforms to the sovereign debt resolution system. He said the IMF should use its convening power more decisively to ensure time-bound debt restructurings under the Common Framework, anchored on credible comparability of treatment and stronger participation by private creditors.

Dr Asiama also urged changes in programme design to ensure fairness in assessing country performance.

He noted that “Program design should better distinguish delays stemming from creditor coordination failures from those due to policy slippages, to ensure that strong adjustment efforts are not unduly penalised.”

He further stressed the need for reforms in debt sustainability frameworks and policy tools.

“In this context, we reiterate the need for a fit-for-purpose LIC DSF, the mainstreaming of the Integrated Policy Framework in program design, and a fast-tracked, more tailored implementation of the Three Pillar Approach to more effectively support members already in, or at high risk of, crisis.”

On strengthening the IMF’s role as a trusted advisor, Dr Asiama called for a more flexible and proactive approach. He said the Fund must expand its lending toolkit through bolder use of its balance sheet.

This, he explained, should include scaling up concessional financing, institutionalising Special Drawing Rights (SDR) rechanneling, and making the Resilience and Sustainability Trust faster and more responsive to liquidity and climate-related challenges.

The Governor warned that recent global shocks are intensifying vulnerabilities. “Recent shocks, including the Middle East conflict, underscore the need for well-resourced and readily accessible emergency financing to support members facing acute balance of payments pressures.”

He also highlighted the importance of sustained technical support to member countries.

“Finally, sustained and targeted Fund capacity development remains essential to strengthen revenues, debt and PFM, financial oversight, and crypto cyber resilience.”

According to him, the ongoing conflict in the Middle East has further worsened economic conditions, increasing inflationary pressures and weakening external balances across many economies.

Dr Asiama’s proposals add to growing calls for reforms at the IMF as developing countries seek more responsive and flexible support in navigating global economic shocks.

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In a letter dated April 13, 2026, and signed by its Chief Executive Officer, Dr George Dawson-Ahmoah, the Chamber expressed concern that the adjustments were introduced without adequate stakeholder consultation.

According to the petition, the FOB value of clinker has risen from 40 dollars to 136 dollars per metric ton, while granulated furnace slag has increased from 3 dollars to 40 dollars per metric ton.

The Chamber warned that the sharp increases could significantly raise production costs due to higher duties and taxes, ultimately leading to an increase in cement prices.

It further cautioned that this development could negatively impact construction, housing, and infrastructure projects across the country.

The group is therefore calling on government to review the new FOB values and engage industry players to ensure a fair and sustainable framework for the sector.

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Speaking on Dwaso Nsem on Adom FM, he stated that although stakeholders are scheduled to meet the Transport Minister as part of efforts to address the ongoing strike, the engagement is unlikely to produce meaningful results.

According to him, previous engagements with the Ministry and the Ghana Revenue Authority, including the Deputy Finance Minister, during the early stages of the system’s implementation did not yield positive outcomes.

He claimed that concerns raised by stakeholders were not given the needed attention, creating frustration among industry players.

Oheneba Kwesi Afawuah stressed that the issues at hand require direct intervention from the Finance Minister, Dr Cassiel Ato Forson, who oversees the broader policy framework.

He therefore called for a high-level meeting involving the Finance Minister, the Ghana Union of Traders’ Associations, importers, clearing agents, freight forwarders, and other trade groups to find lasting solutions.

He maintained that only such an inclusive and authoritative engagement can effectively address the challenges posed by the Publican AI system.

“The Transport Minister can’t solve our problem, we need direct engagement with the Finance Minister and all stakeholders to resolve the issue,” he stated.

However, the outlook is increasingly exposed to downside risks, including higher energy prices, tighter financial conditions, and trade disruption linked to ongoing conflicts. In volatile times, business leaders and government departments turn to their finance and accounting professionals for trusted guidance.

This evolving economic environment is reshaping the demands placed on organisations. Governments, businesses and investors are operating amid heightened uncertainty, ongoing regulatory reform, rapid digital transformation, and growing expectations around corporate sustainability. In response, finance teams are being asked to move beyond traditional reporting roles to provide strategic insight, manage complex risks, and support decision‑making that drives performance and long‑term value creation.

Yet as expectations of the finance function rise, skills constraints are becoming increasingly apparent. In countries like Ghana, Kenya, Nigeria and South Africa, shortages of qualified finance and accounting professionals continue to constrain capacity in both the public and private sectors. Africa’s accounting skills deficit is well recognised, particularly in areas such as financial analysis, risk management, auditing, and public finance where demand significantly outstrips supply. In South Africa, several finance and accounting roles including management accountant, tax professional, external auditor, financial accountant, forensic accountant, and internal auditor appear on the national list of occupations in high demand, a pattern mirrored across many African economies.

Closing this gap requires a rethinking of how the finance and accounting talent is developed. The profession must move beyond traditional technical training towards education that reflects how organisations now operate – complex, data‑driven, technology‑enabled and increasingly expected to make decisions that are commercially sound, resilient, and sustainable over time. Professional bodies have a pivotal role to play in this shift by modernising learning models and widening access to the profession.

The CGMA Professional Qualification – prepared for the future of finance

The Chartered Global Management Accountant (CGMA) Professional Qualification, by The Chartered Institute of Management Accountants (CIMA), is designed with this reality in mind. Rather than focusing solely on traditional finance and accounting competencies, it develops professionals who understand strategy, performance, governance and decision‑making.

To keep pace with the rapid transformation of business, we have moved beyond the traditional, linear model of learning. Instead, we have adopted a spiral curriculum – a dynamic framework that builds and reinforces interrelated skills at every stage of the qualification. This means students do not simply accumulate knowledge level by level – they revisit and deepen their ability to solve increasingly complex business problems and add value as they progress. 

From day one, learners begin developing critical thinking, problem-solving, and communication skills – no longer waiting until the final stages of their qualification. As a result, they are equipped to tackle real-world business challenges early in their journey and deliver meaningful value to their employers from the outset, including:

• A future‑ready, strategic mindset – CGMA professionals are trained to support strategic decision‑making, value creation and long‑term performance, skills increasingly demanded by employers across sectors.
• Stronger credibility and employability – The CGMA designation, achieved upon completing the CGMA Professional Qualification and gaining the required experience, is globally recognised, enhancing career mobility, and positioning professionals for leadership, finance partnering and strategy roles.
• Relevance in a technology‑driven environment – The CGMA Professional Qualification develops digital and analytical capabilities, enabling professionals to operate effectively as finance and accounting roles evolve in a world shaped by AI and data.
• The ability to drive sustainable and ethical outcomes – CGMA professionals integrate sustainability, governance, and risk into decision‑making, supporting resilient and responsible organisations.
• Professional confidence and influence – Beyond technical expertise, the CGMA Professional Qualification strengthens communication, judgement, and stakeholder influence, enabling CGMA professionals to be high-performance finance business partners and act as trusted advisers.

Developing future‑ready professionals also means widening access to the profession. This is why the CGMA Professional Qualification offers multiple entry points, enabling young people, graduates and career changers to enter the profession and progress based on ambition and capability, not just prior exposure to finance and accounting. School leavers can begin at the Certificate level, while graduates and degree holders are often able to enter directly into the Professional levels.

The impact of these capabilities extends beyond individual careers to the organisations and economies they serve. Organisations that employ CGMA professionals also see clear advantages:

• Stronger decision‑making and strategic insight, driven by finance and accounting professionals who connect data to business strategy.
• Finance teams that operate as true business partners, aligned with leadership and operational teams.
• Improved governance, risk management, and organisational resilience, particularly in complex and volatile environments.
• Greater readiness for digital and technological change, including the responsible adoption of AI.
• More sustainable long‑term performance, balancing financial outcomes with broader economic, environmental and societal considerations.

Africa’s growth potential is real but realising it depends on people as much as it does policy or capital. Without a strong pipeline of skilled, forward‑looking finance and accounting professionals, organisations will struggle to build resilience and create long‑term value. Investing in modern, accessible and globally relevant qualifications is therefore not optional, it is essential to building future-ready organisations that can withstand the test of time and support sustainable growth across the continent.

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The IMF, in its Economic Outlook for sub-Saharan Africa, had initially projected growth at 4.6% for 2026, citing macroeconomic stabilisation and ongoing reform efforts.

However, sources close to the Fund told JoyBusiness that the upward revision reflects stronger-than-expected performance under the current IMF programme, an improved economic outlook, and government’s commitment to fiscal discipline.

The new growth estimate aligns with government’s projection in the 2026 Budget presented to Parliament in November 2026.

IMF’s Global Economic Outlook and Ghana

The revision comes at a time when the IMF has downgraded the global growth outlook to 3.1% from 3.4% recorded in 2024.

According to the Fund, the downgrade is linked to the ongoing conflict in the Middle East and its potential impact on the global economy.

In its latest Global Economic Outlook report, the IMF warned that the global economy faces renewed uncertainty as geopolitical tensions threaten growth and disinflation.

The Fund outlined three scenarios, noting that if the conflict remains contained in duration and scope, global growth could slow to 3.1% in 2026 and 3.2% in 2027.

Global inflation is expected to rise moderately in 2026, then ease again in 2027. Emerging and developing economies are likely to be the hardest hit.

The IMF cautioned that a prolonged or expanded conflict, worsening geopolitical fragmentation, shifts in expectations around artificial intelligence-driven productivity, or renewed trade tensions could further weaken growth and destabilise financial markets.

During a press conference in Washington DC, the IMF’s Chief Economist and Director of Research indicated that central banks, including the Bank of Ghana, should avoid rushing to increase policy rates in response to current disruptions.

Instead, central banks are being urged to closely monitor developments before taking policy decisions.

The IMF also expects global growth to pick up in 2027, with projections showing an increase to 4.9%.

Inflation Projection

The IMF is projecting that Ghana will end 2026 with an inflation rate of 7.9%.

This is slightly lower than the government’s target, assuming current disinflation trends are sustained.

However, the Fund’s outlook suggests inflation, currently around 3.2% as of March, could rise in the coming months before settling at the projected level.

Despite this, some analysts maintain that Ghana is likely to sustain single-digit inflation through 2026.

The IMF also forecasts an end-of-year inflation rate of 8% for 2027, indicating that inflation could remain within single-digit levels over the medium term.

World Bank on Ghana’s growth and inflation estimates

The World Bank, in its latest Africa Economic Update released on April 8, has also projected a 4.8% growth rate for Ghana in 2026, with inflation expected to end the year at 9%.

The growth projection is consistent with government estimates, but signals a slowdown compared to the 6% GDP growth recorded in 2025.

While the specific drivers of the slowdown remain unclear, government has previously indicated caution due to external risks.

The World Bank’s inflation forecast is higher than the government’s 8% target.

Analysts believe inflation may rise in the short term before easing towards the end of the year.

External pressures, particularly developments in the Middle East and their impact on petroleum prices, remain key risks.

Despite these uncertainties, Ghana is still expected to maintain single-digit inflation by the end of the year.

This is what JOYBUSINESS has gathered from persons with knowledge of engagements between the Finance Minister, Cassiel Ato Forson, and the Energy Minister to review taxes and margins in the pricing of petroleum products for the second pricing window of the month, starting April 16.

JOYBUSINESS understands that these margins, which could be described as “statutory”, are likely to reduce the price of petroleum products by up to GH¢1 per litre from April 16, 2026.

Checks with Parliament earlier this week also revealed that the Finance Ministry has not submitted any request to the House to review taxes on petroleum products.

This gives credence to earlier reports that government may not review or suspend some taxes on fuel prices today.

It is still not clear why the expected announcement may not include tax reviews.

However, sources say the situation could change at the last minute.

Taxes and Margins on Petroleum Price Build-Up

Based on data from the National Petroleum Authority, the following taxes, levies and margins form part of the petroleum price build-up:

1. Energy Sector Shortfall and Debt Repayment Levy – to facilitate energy sector debt recovery
2. Road Fund Levy – to support road maintenance
3. Energy Fund – to support Energy Commission activities
4. Special Petroleum Tax – introduced as part of VAT reforms
5. Price Stabilisation and Recovery Levy
6. Primary Distribution Margin – to offset the costs of transporting products from coastal depots to inland depots
7. BOST Margin – to fund maintenance, operations and expansion of depots
8. Fuel Marking Margin – to support monitoring and regulation of fuel quality
9. Unified Petroleum Pricing Fund (UPPF) – to ensure price uniformity nationwide
10. Distribution Compensation Margin – to support LPG distribution to northern and non-urban areas
11. LPG Filling Plant Administrative Cost – to cover administrative expenses

Background

Government spokesperson Felix Kwakye Ofosu last week announced that Cabinet had directed the Energy and Finance Ministries to review some taxes and margins on petroleum products to cushion consumers.

According to him, the move is intended to reduce the burden on consumers as fuel prices respond to developments in global oil markets.

He noted that the intervention will last for four weeks and will be subject to review depending on developments in the international market.

Meanwhile, four civil society organisations are proposing a deeper cut in fuel prices.

In a joint recommendation issued on April 14, 2026, IMANI Africa, COPEC Ghana, INSTERPR, and the Institute for Energy Security urged government to reduce taxes, levies and margins in the petroleum price build-up.

The groups are proposing a GH¢1.65 reduction per litre for two months, arguing that the relief should be deeper and longer than what government is currently considering.

The proposal follows a directive by John Mahama, who tasked the Ministries of Energy and Finance to review the fuel price structure and propose temporary relief measures.

According to the Minister, the country’s resilience is anchored on prudent policy decisions, strong reforms, and buffers built since last year.

He noted that increased gas production has also helped cushion the impact of rising global energy prices.

Dr. Forson, however, acknowledged that inefficiencies in the energy distribution sector remain a key risk to sustaining the gains.

He indicated that government is moving to introduce private sector participation to improve billing, collection, and overall operational efficiency.

Anna Bjerde commended Ghana’s economic management and reaffirmed the World Bank’s support, while stressing the need to urgently address energy sector challenges to avoid undermining broader economic progress.

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Speaking on Asempa FM’s Ekosii Sen show, he cited what he described as glaring errors in duty assessments generated by the system.

According to him, a 1.5-horsepower air conditioner was assigned a duty of 194, while a 2.0-horsepower unit attracted a lower duty of 98, questioning the accuracy of the system.

He noted that while freight forwarders are not opposed to the use of artificial intelligence to improve efficiency, the current system appears to be producing more errors than expected.

“Today, it was reported that an air conditioner with a capacity of 1.5 hp was assigned a duty charge of 194, while a 2.0 hp unit received a duty charge of 98. If there are claims of human errors, I wonder what kind of individual would make such a mistake. We are not opposed to the improvements in the industry; if these changes can expedite the release of items, that would be beneficial. However, we are not currently seeing that efficiency,” he said.

Mr Preprah emphasised the need to customise the system to suit local conditions, adding that it has yet to significantly improve clearance times at the ports.

He therefore called for broader stakeholder engagement and urged authorities to review or temporarily suspend the system to address identified challenges.

“While AI assists us in many aspects, we need to customise it to better fit our needs. It has not resolved the issue of errors. There should be comprehensive stakeholder engagement and consultation to address the existing loopholes. We recommend suspending the current process until these issues are resolved,” he added.

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GUTA President Clement Boateng said that although traders continue to respect the Minister due to his office, the manner in which meetings have been handled has been unacceptable.

Speaking on Asempa FM’s Ekosii Sen, he noted that engagements with government over the Publican AI system have yielded little progress despite over a month of discussions.

Mr. Boateng said traders were not adequately consulted prior to the rollout of the system, adding that stakeholder engagement only began after implementation had already commenced.

He stressed that the private sector remains the engine of growth and must be provided with an enabling environment, including proper consultation on major policy changes.

According to him, GUTA has already expressed strong concerns about the system and expects government to listen and work collaboratively to address the challenges facing importers and traders.

The association has outlined plans to take further action to draw attention to the issue, insisting that the current situation at the ports requires urgent intervention.

“The Minister requested that we suspend our current action until we have a meeting with him. However, we want the government to recognise that what is happening is unacceptable. It has been over a month of back-and-forth communications, and during meetings, the Deputy Minister conducts himself as if he is addressing children. We give him the respect he deserves because of his position, but it’s clear that the private sector is the engine of growth, and there needs to be an enabling environment for it to thrive, including in trade facilitation,” he said.

“Unfortunately, all the meetings we’ve had with him have not yielded any results. We have expressed our dissatisfaction with an initiative he has introduced, and he needs to listen to our concerns. We should be able to communicate amicably to find the best path forward for all involved,” he added.

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Speaking on Asempa FM’s Ekosii Sen show, GUTA President Clement Boateng said traders were not informed about the rollout of the system prior to its implementation.

According to him, although the initiative was announced in the 2026 Budget, key stakeholders were not adequately engaged before it was deployed.

“We were not even aware of the project’s implementation until it had already started. No one informed us. In the 2026 Budget, the Minister announced that AI would be implemented in January, which meant there should have been stakeholder engagement beforehand,” he stated.

He further noted that even during the pilot phase, stakeholders were not involved until February 1, when they were finally invited for engagement.

“At that meeting, we raised our concerns, but they only explained their intentions to fully deploy the project without addressing our issues,” he added.

Mr Boateng said concerns raised in subsequent meetings with authorities have yet to yield any concrete outcomes.

He stressed the need for proper consultation and collaboration, emphasizing that the private sector plays a critical role in driving economic growth and should be actively involved in such policy decisions.

GUTA has since outlined plans to take further action to draw government’s attention to the challenges facing importers and traders under the new system.

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Speaking on Ekosiisen on Asempa FM, he stated that government failed to engage major players in the import and export sector, including clearing agents and freight forwarders, before implementing the system.

According to him, the first time stakeholders heard about the Publican AI system was during the presentation of the 2026 Budget by the Finance Minister.

Mr. Boateng added that even after the announcement, no meaningful engagement was carried out with industry players before the system was rolled out.

He contrasted this with the introduction of the Integrated Customs Management System (ICUMS), where extensive stakeholder consultations were held prior to its implementation.

He noted that continuous engagement after ICUMS was introduced helped address operational challenges, contributing to its effectiveness.

The GUTA President emphasised that the absence of such consultations in the case of Publican AI has contributed to the current concerns being raised by stakeholders.

“There was no stakeholder engagement before the implementation of the Publican AI system,” he stated.

He maintained that engaging industry players is critical to ensuring the smooth implementation of policies that directly affect their operations.

Speaking on Adom FM’s Dwaso Nsem, Mr. Nukpenu cautioned against what he described as attempts to over-politicise the concerns raised by traders and freight forwarders, insisting that the system is not entirely flawed but requires continuous refinement.

“Let us not play the ostrich. Everything is not right at the ports,” he said, noting that issues such as wrong declaration of goods and undervaluation are often driven by human interference.

He explained that similar systems introduced in the past faced challenges but were eventually manipulated by users, stressing that no digital system is entirely immune to human behaviour.

“When ICUMS came, what happened? At the end of the day, people found ways around it,” he stated.

Mr. Nukpenu urged stakeholders to remain calm and engage constructively with the implementers of the system to address existing gaps.

“All I will urge them is to be calm and sit with them to correct it. When you see issues, suggest productive avenues instead of making threats,” he said.

He further argued that some of the concerns being raised should be properly verified before conclusions are drawn.

“Some of the things are allegations, so subject all documents to strict proof so they can be looked into and corrected,” he added.

According to him, human creativity often makes it difficult to completely block revenue leakages, but systems can still be improved through cooperation.

“When you come to human beings, we are more creative than machines,” he noted.

Mr. Nukpenu also referenced ongoing engagements by the Ghana Revenue Authority (GRA), saying the Commissioner-General has been engaging stakeholders to explain the purpose and expected benefits of the system, while assuring that challenges will be addressed.

He made the comments amid growing tension between government and the Ghana Union of Traders’ Associations (GUTA) over the implementation of the Publican AI system.

GUTA President, Clement Boateng, has outlined a series of actions to protest challenges at the ports, particularly concerns about increased duties and inefficiencies linked to the system.

However, following a meeting with the Ghana Shippers Authority led by CEO Prof. Ransford Gyampo, GUTA agreed to suspend some planned actions, although key directives, such as halting payments and suspending clearing operations, remain in force pending further talks with the Transport Minister.

Mr. Nukpenu urged all parties to continue engaging in good faith to ensure the system is improved for both revenue generation and smooth trade operations.

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Speaking on Adom FM’s Dwaso Nsem, he urged the associations to listen to public concerns and place a temporary pause on the strike.

According to him, while the right to strike is legitimate, its impact on ordinary Ghanaians cannot be ignored.

He noted that industrial actions, regardless of form, tend to affect the economy and worsen the living conditions of citizens.

Mr. Forson emphasized that as a public figure, his stance is guided by national interest rather than political affiliation, adding that he would not support actions that negatively affect the country simply because he is in opposition.

He therefore called on GUTA and relevant stakeholders to engage the appropriate authorities to find a lasting solution.

He further urged the association to “put a human face” to their actions and consider the broader consequences of the strike on businesses and daily life.

“Put a human face to the strike and end it because strikes in any form affect the economy and the standard of living of people,” he added.

Addressing a session on “Macro-Fiscal Developments and Outlook in Sub-Saharan Africa,” Dr. Forson said Ghana’s experience over the past fifteen months demonstrates that African economies can not only navigate crises but also turn them into opportunities for deep structural reform.

He recalled that Ghana faced severe economic challenges in 2022/2023, but noted that a combination of policy measures and sustained reforms since 2025 has helped restore macroeconomic stability and strengthen the fundamentals of the economy.

Providing evidence of the recovery, the Finance Minister highlighted improvements across key macroeconomic indicators. Real GDP growth rose to 6% in 2025, up from 5.8% in 2024, while inflation declined sharply from 23.8% in 2024 to 5.8% in 2025, falling further to 3.2% as of March 2026.

He also pointed to stabilisation of the local currency, with the cedi appreciating by more than 40% against the US dollar in 2025, with gains continuing into 2026.

On the fiscal front, Dr. Forson noted that Ghana’s primary balance, measured on a commitment basis and serving as the fiscal anchor, improved from a deficit of 2.9% of GDP to a surplus of 2.6% of GDP in 2025. Public debt levels also declined, with the debt-to-GDP ratio falling from 61.8% to 45.3% at the end of 2025, well ahead of the initial 2034 target.

In addition, international reserves have strengthened, now covering 5.8 months of imports, while policy credibility has been reinforced through stronger institutions and the adoption of clearer fiscal rules.

Dr. Forson emphasised that the gains reflect disciplined fiscal management and a deliberate strategy to anchor economic policy in credible institutions, ensuring sustainability over the medium term.

The IMF/World Bank Spring Meetings continue in Washington, D.C., bringing together finance ministers, central bank governors, and global economic leaders to assess the global economic outlook and policy priorities for sustained growth.

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Speaking on Adom FM’s Dwaso Nsem, he described such claims as false and misleading.

According to him, GUTA had outlined a series of planned actions to draw government attention to the challenges faced by importers and traders, particularly regarding the new Publican AI system at the ports.

“We have not suspended our strike. Some activities were paused, but key directives remain in force until further engagement with the Transport Minister,” he said.

He explained that during a recent meeting with the Ghana Shippers Authority, led by its Chief Executive Officer, Prof. Ransford Gyampo, the association agreed to suspend some of its planned activities out of respect for the engagement.

However, he clarified that key directives remain in force, including instructions for freight forwarders not to make payments and for clearing agents to halt operations.

Mr Boateng stressed that these actions will continue until a scheduled meeting with the Transport Minister on Thursday.

He reiterated that reports claiming a full suspension of the strike are inaccurate and do not reflect the true position of the association.

The Chief Executive Officer of the Ghana Shippers Authority, Ransford Gyampo, confirmed the development in an interview on Adom FM’s Dwaso Nsem after discussions held at the Shippers’ House on Monday, April 13, 2026.

The meeting brought together GUTA leaders, freight forwarders’ groups, and government representatives to address growing concerns over the system’s implementation.

Traders have been raising concerns over what they describe as increased duties and inefficiencies linked to the rollout of the Publican AI platform at the ports.

Prior to the meeting, GUTA had directed freight forwarders and clearing agents to suspend duty payments and halt operations from April 13 to April 17 as part of a nationwide protest.

However, following Monday’s engagement, the association agreed to suspend the full-scale action to allow room for further consultations, including a scheduled meeting with the Minister for Transport, Joseph Nikpe Bukari, on Thursday, April 16.

Addressing participants, Mr Gyampo underscored the need for dialogue in resolving the impasse.

“The GSA remains committed to promoting a fair and efficient trading environment, while ensuring that reforms within the sector serve the broader interest of the economy,” he said.

He assured stakeholders that the concerns raised by traders would be addressed through appropriate institutional processes.

While welcoming the intervention, GUTA officials maintained their position on the need to suspend the system, arguing that rising duties and operational challenges continue to place significant strain on traders and manufacturers.

The Publican AI system has in recent weeks sparked tension between traders and port authorities, with industry players calling for broader engagement before its full implementation.

Meanwhile, the Minister for Transport is expected to engage the traders on Thursday, April 16, 2026.

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The proposal follows a directive by President John Dramani Mahama for the Ministry of Energy and the Ministry of Finance to review taxes, margins, and levies within the petroleum pricing structure to ease pressure on consumers amid prevailing economic challenges.

In a joint press statement issued on April 14, 2026, the groups suggested that the reduction should remain in effect for two months instead of the four weeks initially proposed by government, after which the situation could be reassessed based on global market developments.

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The group says the system has led to increased duties and inefficiencies, insisting that its implementation must be suspended immediately pending further review.

Addressing a press briefing to announce the industrial action, the General Secretary of the Ghana Institute of Freight Forwarders, Paul Kobina Mensah, declared the start of the coordinated strike, warning that the action could escalate further if concerns are not addressed.

He stated that traders and freight forwarders were united in their decision to halt key activities at the port, including the payment of duties and processing of imports.

“We are taking a four-day coordinated strike from tomorrow, Tuesday, April 14 to Friday, April 17. After that, the traders will be asked to bring their action for the following week so that it continues till ears are given to our issues,” he said.

He added that members had been urged to suspend imports and payments, arguing that it was impractical to continue clearing goods under what they described as an unstable system.

“We are not going to pay the duties tomorrow. Some of the payments are done online, and we are monitoring that. We are not going to be processing online payments as well,” he indicated.

Mr. Mensah further called for the establishment of a structured governance framework for port operations, proposing a high-level regulatory body to coordinate policy, enforcement, and certification across key agencies, including finance, trade, transport, and safety.

He argued that such a structure should be properly defined, transparent, and supported by documented procedures to ensure clarity in appeals and administrative processes.

“We need a professionalised system with fully documented and published procedures so that everybody knows the process,” he said.

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The meeting comes against the backdrop of rising tension within the trading and logistics sector, following a directive from GUTA that triggered a sit-down strike by freight forwarders and clearing agents on Monday, April 13.

The industrial action is in protest against what stakeholders describe as inadequate consultation and limited clarity surrounding the implementation of the system.

Although the Publican AI platform has been introduced to improve efficiency and transparency in cargo clearance, it has faced strong pushback from sections of the trading community.

Speaking to Citi News after a meeting with the Ghana Shippers Authority, GUTA Vice President Joseph Paddy said the association had requested a temporary suspension of the system to allow for further engagement.

“Beyond the sit-down strike by our agents, there are so many programmes and activities we want to embark on. We also told the chief executive officer that the programme should be suspended, but he gave us assurance that the Transport Minister was interested in the matter. He had travelled, but we were told to give him two days as he will meet us on Thursday morning to resolve the challenges,” he said.

The upcoming discussions are expected to focus on the implementation framework of the Publican AI system, stakeholder concerns about its impact on business operations, and possible adjustments to ease the transition.

With port activities serving as a critical pillar of Ghana’s economy, any prolonged disruption is likely to affect trade flows, supply chains, and businesses across the country.

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Speaking on The Pulse on JoyNews, Mr Awingobit said concerns raised by some freight forwarders and members of the Ghana Union of Traders Association (GUTA) should be addressed through consultation rather than demands for a shutdown of port operations.

“I think that calling for the suspension of the product is premature. If there are issues, let’s go to the table,” he said.

His comments come amid threats by sections of the trading community to halt activities at the ports over concerns that the AI-powered valuation system is inflating the cost of imported goods.

However, Mr Awingobit argued that the system is correcting long-standing inconsistencies in the declaration of goods.

“It’s because the AI is now picking the real values,” he explained.

Using a practical example, he said disparities in declared values have created unfair advantages for some importers.

“If you and I go to a market to buy a product and I declare $10 while you declare $4, don’t you think you pay less than me?” he questioned, adding that the system is designed to detect such under-declarations.

He said that in cases where values fall within acceptable ranges, the system does not interfere.

“If it’s within the expected range, the system will not increase yours. It will rather block mine if I under-declare because the system knows the realistic price band,” he said.

According to him, the introduction of the Publican AI system is intended to bring fairness and sanity into the import sector.

“What it means is that there’s no parity, and so this will bring sanity into the industry,” he stated.

Mr Awingobit also urged importers to comply with regulations and continue clearing their goods, warning against any attempts to disrupt port activities.

“I want to use this medium to appeal to every importer: if you go to the port, go and clear your cargo. Nobody has the right to tell anyone not to clear their goods,” he said.

He added that compliant traders should not suffer losses due to the ongoing dispute.

“Those who are compliant should be given the opportunity to clear their cargo and not allow it to sit at the port and incur demurrage because of this situation,” he said.

While acknowledging that concerns have been formally presented to the government, Mr Awingobit welcomed ongoing engagement efforts.

“I’m happy that after the meeting, they have sent a petition to the Minister, and the Minister is ready to meet,” he said.

He called for fairness in assessing the government’s efforts to support the business community, citing recent tax relief measures.

“This is a government that has listened to the business community,” he said, pointing to the removal of levies such as the COVID-19 levy, E-levy, and adjustments in tax policies as evidence of that commitment.

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The commendation came from Seynabou Sakho, the World Bank’s Regional Practice Director for Prosperity (Macroeconomics, Trade and Investment), during a high-level meeting with Ghana’s delegation in Washington.

In a strong endorsement of Ghana’s reform programme, Ms. Sakho congratulated the Minister on his fiscal consolidation and debt restructuring efforts, noting that his work has gained recognition beyond Ghana, including in her home country, Senegal.

The remarks underscore growing international confidence in Ghana’s economic management following a challenging period marked by high inflation, currency instability, and debt pressures.

Over the past year, the government has implemented a series of fiscal and structural reforms aimed at stabilising the economy. Inflation has eased, the currency has strengthened, and the country is steadily moving back toward debt sustainability.

Dr. Forson, who has led Ghana’s economic recovery efforts, has consistently maintained a focus on discipline, transparency, and long-term stability while safeguarding critical social spending.

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The initiative forms part of MTN Ghana’s broader commitment to tackling youth unemployment and supporting small businesses across the country.

The SME Clinic featured a competitive business pitch session, where participants presented practical solutions leveraging MTN’s digital ecosystem.

From agriculture-based technologies to fintech innovations, teams made strong cases for investment from the telecommunications company to scale their business ideas.

Participants also received training in financial management, branding, and packaging, equipping them with tools to build competitive and sustainable enterprises.

Beyond funding, MTN said it is focused on long-term impact through mentorship and capacity-building programmes.

“We realised that there are a lot of ideas that entrepreneurs have. We used the opportunity to nurture these ideas for them to come to reality,” said Eric Antwi, Sales Manager for MTN Northern Business.

The telecom giant highlighted its ongoing support for SMEs nationwide, noting that over 100,000 SMEs have benefited through its SME Plus initiative, while 20,000 women have been empowered under the Adwumapa bundle. In addition, over 30,000 businesses have benefited from its Yellow Biz package.

The winning team, Nolap Technologies—students from Kwame Nkrumah University of Science and Technology—outlined plans to invest their seed capital into infrastructure, logistics, and campus expansion.

The MTN SME Clinic continues to position itself as a catalyst for entrepreneurship, with MTN expressing optimism about its role in driving innovation, creating jobs, and strengthening Ghana’s SME sector.

The promotion offers consumers a chance to win instant prizes, including airtime, TVs, freezers, gas cookers, cash, a trip, and a car.

To enter the draw, customers are required to purchase Pomo-Gino promotional packs as part of efforts to enhance the culinary experience in Ghanaian households.

Yaa Bonah Danquah Darko, Media and Digital Manager at GB Foods Ghana, said the initiative is a way of rewarding customers for their long-standing loyalty.

“We deeply value the loyalty and trust our customers have shown us over the years, and we believe it’s essential to express our appreciation in a way that truly resonates with them. That’s why we’re committed to giving them rewards that will be etched in their memories for a long time, making it a heartfelt thank you for choosing our products,” she said.

According to her, customers are required to purchase any promotional pack of Gino Tomato Mix, Gino Jollof Mix, Gino Pepper & Onion, or Pomo Tomato Mix, and then find the unique nine-digit code inside the pack. After that, they should dial the shortcode 84499# to submit the code and enter the draw.

She added that the promotion features four prize categories. Instant prizes include over GHS 2.5 million worth of airtime. There are also bi-weekly prizes such as chest freezers, television sets, microwaves, and cookware sets.

The special reward offers a dream trip for five lucky winners, while the grand prize is a brand-new SUV to be won at the end of the promotion.

The promotion is officially live, with activations ongoing at various markets. The final draw is scheduled for the end of June 2026.

The National Lottery Authority (NLA), which regulates the Pomo-Gino “Akyɛdeɛ Sokoo” promotion, has assured the public that the draw process will be conducted with fairness and transparency.

Bright Ofori, Marketing Officer at the NLA, said the authority’s role is to ensure that every participating customer has an equal chance of winning.

He added that prizes will be awarded strictly based on the promotion’s rules and criteria, without any favoritism or bias.

He also cautioned customers to be vigilant and wary of scammers, stressing that they should ignore calls requesting money, personal details, or codes, as the organizers will not request such information.

Several customers who attended the event expressed appreciation for the promotion and pledged continued loyalty to GB Foods products.

TAGG heads to court over Publican AI system, threatens nationwide shutdown

According to the group, their appeal is driven by the significant support many individuals within their community have received from the company’s founder, Daniel McKorley.

They emphasised that their call is non-partisan and not intended to influence any ongoing legal or administrative processes involving Mr. McKorley.

However, they cautioned that any action that undermines the business could have far-reaching consequences for the many beneficiaries of his philanthropic initiatives.

The group also referenced the ongoing situation involving the McDan Group at the airport, expressing confidence that the President’s intervention could help resolve the matter.

Dressed in red and white, the youth staged a peaceful demonstration in front of the Flagstaff House, the seat of government, to press home their appeal.

Speaking on Adom FM’s Dwaso Nsem, Nana Poku revealed that the matter is already before the courts, with further proceedings expected later this week.

“We’re currently in court, and on Friday, we will be in court,” he stated, stressing the group’s resolve to challenge the policy through legal means.

He criticised government’s approach to revenue mobilisation, arguing that traders are being unfairly burdened by the implementation of the system.

“When we are doing something, we must do it well. Why do traders always have to suffer when government wants to mobilise revenue? We are tired,” he said.

The TAGG General Secretary warned that traders may shut down their businesses as part of the protest, urging the public to prepare for potential disruptions.

“We will go on leave, so I will urge all Ghanaians to stock their homes. If you don’t have anything, make sure you buy it because all shops will be locked,” he cautioned.

Despite his strong stance, he emphasised that the group’s actions are driven by national interest, calling for broader consultation on the policy.

“We want the interest of the nation to stand supreme, so it will be best if there is stakeholder engagement,” he added.

Nana Poku also expressed regret over the need to protest, noting that the situation could have been avoided with better engagement from authorities.

“I wish there would have been no protest or strike against President Mahama’s government, but the way things are going, he has to sit up,” he said.

He further underscored the importance of traders in the economy, warning that their concerns cannot be overlooked. As part of the planned demonstration, he urged traders across the country to wear red.

“We will prove to politicians that traders are key stakeholders in the economy. We will urge all traders to be in red to express our displeasure,” he said.

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Speaking in an interview on Adom FM’s Dwaso Nsem, Nana Poku alleged that the company lacks the infrastructure and expertise required to manage a system of such national importance.

According to him, Truedare does not have the technological backbone expected of a firm handling a digital customs platform, claiming the company operates with fewer than ten computers.

“We have handed over the country’s assets to such a company to handle,” he said, questioning the decision to entrust a critical national system to what he described as a non-technical entity.

He further alleged that the company was registered in Cyprus as a trading firm rather than an information technology company, arguing that it does not possess the necessary technological know-how to effectively manage the system.

Nana Poku also criticised political leadership, suggesting that decision-makers often underestimate public scrutiny, and claimed the introduction of the system may have been influenced by misleading projections about revenue gains.

His comments come amid ongoing debate over the Publican AI system, which government officials insist is a major reform aimed at improving efficiency and plugging revenue leakages at the ports.

The Deputy Minister of Finance, Thomas Ampem Nyarko, has defended the system, explaining that it is designed to support customs decision-making in real time and strengthen revenue mobilisation.

He noted that the initiative is intended to address discrepancies in trade data and curb losses linked to undervaluation and illegal trade.

In November 2025, Parliament approved an agreement between the Ghana Revenue Authority (GRA) and Truedare Investment Limited to introduce a digital inspection solution to complement the Integrated Customs Management System (ICUMS).

At a stakeholder engagement on January 16, 2026, Mr. Ampem Nyarko indicated that Ghana lost billions of cedis between 2020 and 2025 due to customs fraud, citing data suggesting that imports worth over US$127 billion were significantly undervalued.

He maintained that the Publican AI system would help sanitise the sector and improve revenue collection, despite growing concerns from sections of the trading community.

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Speaking on Adom FM’s Dwaso Nsem morning show, he questioned the technical basis of the system and its reliance on third-party data sources.

“I am very disappointed in the GRA boss. With the level of knowledge I expected from him, I didn’t expect this approach,” he said.

According to him, traders had raised concerns that the system is built on a third-party platform and may not fully reflect Ghana’s trade realities.

“We came to explain that the software is a third-party system and cannot fully serve the country’s needs if it is not properly structured,” he stated.

Nana Poku also argued that data accuracy is critical for the system to function effectively.

“AI without proper data cannot speak. If the data is wrong, the output will also be wrong,” he said.

He further claimed that the system is being operated through an intermediary platform linked to a Canadian company, insisting that Ghana should have stronger control over its own data systems.

“We are saying Ghana should go directly to the original source instead of relying on a middle platform. That is our concern,” he explained.

The TAGG General Secretary stressed that traders are not opposed to reforms but want fairness, transparency, and accountability in the system’s operation.

“What we want is accountability and fairness. Government must move forward with a system that allows traders to work freely and confidently,” he added.

Meanwhile, Commissioner-General of the GRA, Anthony Sarpong, has defended the system, rejecting claims that it is slowing down trade at the ports.

Responding to concerns, he said the Publican AI system has actually improved efficiency compared to the previous manual processes.

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In a press statement, the Association said attempts by some individuals and groups to portray it as resisting the system are based on outdated information and do not reflect its current position.

According to the IEAG, earlier concerns raised in 2025—centred on stakeholder consultation, data security, transparency, and system integration—were valid at the time but have since been addressed through extensive engagements with government.

The Association noted that discussions with the Ministry of Finance and the Ghana Revenue Authority (GRA) have been constructive, leading to improvements in the framework guiding the system’s rollout.

It stated that it now fully supports the Publican AI platform, describing it as a necessary step toward modernising port operations and strengthening trade processes.

While acknowledging that the implementation phase has not been without challenges, the IEAG said such difficulties are typical of major technological reforms and pointed to ongoing efforts by authorities to resolve operational issues.

The Association also highlighted the potential benefits of the system, including improved revenue mobilisation, enhanced transparency, reduced leakages, and minimisation of unethical practices at the ports.

It warned against attempts to recycle its earlier position for what it described as narrow interests, stressing that such actions misrepresent the Association and undermine broader national progress.

The IEAG further emphasised its commitment to supporting policies that improve efficiency, eliminate bottlenecks, and promote a fair trading environment, urging stakeholders to back the successful implementation of the Publican AI system in the national interest.

The statement was signed by the Executive Secretary of the Association, Samson Asaki Awingobit.

Read the full statement below:

*FOR IMMEDIATE RELEASE*

*RE: CLARIFICATION OF THE IMPORTERS AND EXPORTERS ASSOCIATION OF GHANA’S POSITION ON THE PUBLICAN AI SYSTEM*

The Importers and Exporters Association of Ghana (IEAG) has taken note of recent attempts by certain individuals and groups to misrepresent the Association’s current position on the introduction and implementation of the Publican Artificial Intelligence (AI) System at Ghana’s ports.

These attempts, which rely on a December 18, 2025 media publication, seek to create the erroneous impression that the IEAG remains opposed to the AI system. We wish to categorically state that such claims are misleading, outdated, and do not reflect the Association’s present stance.

It is important to place on record that the concerns raised by the IEAG in 2025 were legitimate and grounded in the lack of adequate stakeholder consultation, as well as issues relating to data security, transparency, and system integration. At the time, the Association, alongside other industry players, called for broader engagement to ensure that any technological transition at the ports would be credible, secure, and beneficial to all stakeholders.

Following those concerns, the Government of Ghana, through the finance ministry and the Ghana Revenue Authority (GRA), has engaged extensively with industry stakeholders, including the IEAG. These engagements have been constructive, addressing key issues initially raised and demonstrating a clear commitment by government to refine and strengthen the implementation framework of the system.

As a result of these consultations and the good faith shown by government in responding to stakeholder concerns, the IEAG wishes to state unequivocally that it supports the Publican AI System, which has since been rolled out.

While it is acknowledged that the implementation phase has experienced some operational challenges, an occurrence which is common with major policy and technological reforms, the Association recognizes the ongoing efforts by authorities to address these issues. Recent engagements, including responses to concerns raised at stakeholder forums, further affirm government’s commitment to ensuring the system functions efficiently and effectively.

The IEAG also underscores the significant potential benefits of the Publican AI System. These include enhanced revenue mobilisation, improved transparency, reduction in revenue leakages, and the minimisation of unethical practices at the ports. The system represents a critical step toward modernising Ghana’s trade facilitation architecture and strengthening national economic growth.

We therefore caution the public and stakeholders to disregard any attempts by individuals or groups seeking to recycle outdated positions of the Association to serve narrow or parochial interests. Such efforts do not only misrepresent the IEAG but also undermine national progress.

The Association will not allow itself to be used as a tool for propaganda or any agenda that does not advance the collective interest of importers, exporters, and the Ghanaian economy.

The IEAG remains committed to supporting policies and reforms that enhance efficiency at the ports, eliminate bottlenecks, protect national revenue, and promote a fair and competitive trading environment.

We urge all stakeholders to support the successful implementation of the Publican AI System in the national interest.

Signed,

Samson Asaki Awingobit

Executive Secretary

Tel: 0243575046

Speaking on Joy FM Super Morning Show, Mr Sarpong said the system has significantly reduced the time needed to process import declarations compared to the old manual method.

Responding to a question on whether the system is affecting trade flow, he said, “We don’t agree that Publican is slowing trade. We believe Publican is speeding it up.”

He explained that under the previous manual system, customs officers often spent long hours reviewing declarations. “In the manual system we had, it took about two hours. Now with Publican doing that work for the officer, it takes about five minutes.”

Mr Sarpong said that although the system is designed to improve efficiency, some initial challenges were expected during implementation.

He said that the system initially revealed discrepancies worth about $3 billion, linked mainly to errors in classification and valuation. Importers and agents were first asked to correct their own data, but this approach proved difficult.

“At the beginning, we realised that importers and agents themselves were struggling to correct it. Previously, customs officers would do it for them when they saw errors.”

He explained that the GRA later adjusted its approach. “We instructed customs officers to go back to what they were doing before, correct it for them, and then allow them to accept the corrections. That bottleneck has now been resolved,” he said.

Mr Sarpong also addressed concerns about the appeals process, which some importers initially believed had been removed.

He clarified that the existing appeal system remains active and operates 24 hours a day. “We have what we call an appeal team. That is in the system and fully activated,” he said.

He added that engagement with importers has helped clear misunderstandings. “We told them the system is already there. It is a regular engagement process,” he said.

According to him, a further layer has now been introduced to strengthen dispute resolution. “What we have done is add another layer called the Supreme Court. So if you are not satisfied after the appeal process, you can bring your matter there.”

Mr Sarpong said initial meetings were held twice daily to clear backlogs, but this has since reduced as the system stabilised. He noted that even the frequency of meetings has been reviewed based on experience.

He added that most cases brought before the higher review body have now been minimal. “The last time we met, there were not more than 25 cases, and we cleared everything,” he said.

Mr Sarpong also revealed that the system has, in some cases, corrected errors made by customs officers themselves.

“In one case, we admitted that the error was from the customs officer, and therefore the importer was right,” he said. “We appealed in favour of the importer.”

He said this shows the system is helping to improve fairness and transparency in customs administration.

Mr Sarpong assured importers that the early challenges have largely been resolved. “We have dealt with these initial teething problems and brought things back to normal. We do not expect those early issues to recur,” he said.

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The conference, now in its third edition, brought together key suppliers and vendors of the Bank, as well as various internal and external stakeholders from across the country, to discuss efficiency, sustainability, and the role of technology in strengthening the supply chain. The event provided a platform for open dialogue, feedback, and collaborative planning for the year ahead.

Addressing the session held in Accra, the Executive Head of Operations at PBL, Felix Apau Awuku, reinforced the Bank’s commitment to nurturing mutually beneficial relationships. He noted that suppliers are integral to the Bank’s ability to deliver value to customers and should be regarded as partners in progress rather than transactional stakeholders.

Mr. Awuku highlighted the Bank’s priorities for the year—efficiency, sustainability, and technology—noting that Prudential Bank has streamlined processes to reduce lead times and improve reliability, and is actively exploring AI-driven insights to anticipate demand and optimise supply chain performance.

“Trust that we will honour our commitments. Trust that we will grow together. Trust that when challenges arise, we will tackle them side by side,” Mr. Awuku assured the suppliers. “Together, we are not just suppliers of greatness. We are protectors of our progress.”

He encouraged suppliers to use the conference not only to exchange ideas but to strengthen relationships, saying the Bank has renewed energy and shared goals to build a supply chain that is efficient, ethical, sustainable, and future‑ready.

Earlier in a welcome address, Head of Procurement at the Bank, Carlis Ebow Arko, emphasized that the purpose of the meeting was simple: to build better working relationships, solicit feedback, and improve collaboration going forward.

He highlighted that the Bank views its suppliers not merely as vendors, but as strategic partners who play a vital role in delivering value, indicating that strong supplier collaboration significantly enhances operational efficiency and contributes meaningfully to overall business performance.

Laying further emphasis on this strategic partnership, Mr Arko stated . “All over the world, suppliers play an important role in ensuring that operational efficiency is achieved. Statistically, businesses that partner with suppliers in digital integration see a 25% improvement in business performance.”

The conference ultimately served as a platform to renew commitments, exchange ideas, and strengthen the shared vision of building a resilient, ethical, and future-ready supply chain. Prudential Bank continues to demonstrate that excellent customer service begins with strong, trusted relationships behind the scenes.

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Speaking in an interview on Accra-based Citi FM, TAGG General Secretary Nana Poku said the strike is intended to draw urgent attention to the concerns of traders.

According to the group, the introduction of the system has resulted in significantly higher automated valuations, driving up the cost of clearing goods and placing considerable financial pressure on importers. Traders say the new regime has complicated business operations, with many struggling to manage what they describe as inflated charges.

TAGG also argues that the system lacks transparency and fairness, claiming that the valuation process has become unpredictable and, in some cases, arbitrary. The group says concerns are mounting among traders nationwide over the inconsistency of charges generated by the AI-driven platform.

As part of the planned action, importers, freight forwarders, and other stakeholders have been encouraged to wear red armbands and participate in the strike at all ports and entry points.

Meanwhile, government officials have defended the system, describing it as a necessary reform aimed at safeguarding national revenue and modernising port operations. Authorities cite discrepancies in trade declarations between 2020 and 2025, where imports estimated at about US$127 billion generated only US$52 billion in declared customs value.

They argue that the AI system is designed to address issues such as undervaluation and misclassification by relying on data-driven assessments instead of manual processes. Customs officers have also been instructed to rely primarily on valuations generated by the system, with strict directives not to approve figures below its benchmarks.

Government maintains that the implementation followed consultations with stakeholders and will, in the long run, improve efficiency and transparency in trade processes.

TAGG warned that it may escalate its actions if authorities fail to review the system and engage stakeholders on the concerns raised.

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The lost revenue was expected to accrue to the state through taxes, levies, and other regulatory charges on petroleum products imported into the country, but was not properly accounted for.

According to the Chamber of Oil Marketing Companies, the unaccounted volumes represent 2.1 per cent of the country’s total petroleum supply for the year.

The report provides a detailed examination of Ghana’s petroleum product supply and consumption trends from January to December 2025, with a comparative analysis of 2024.

It also highlights national and regional volumes, offering insights critical for market penetration and policy formulation.

Imports and Exports of Petroleum Products

In 2025, imports of petroleum products increased by 36.7 per cent to 8.71 billion litres, up from 6.23 billion litres in 2024. This growth was driven largely by strong commercial and domestic demand.

Domestic refinery output, however, declined from 500,000 metric tonnes to 444,264 metric tonnes, reflecting operational challenges within the refining sector.

Meanwhile, petroleum product exports rose from 524,603 metric tonnes to 658,500 metric tonnes. These exports were largely re-exports of petrol, diesel and LPG to regional markets including Burkina Faso, Mali, Togo and other Sahel countries.

Despite the increase in exports, the report expressed concern about the implications for the exchange rate and national security. This follows findings of high import dependency in the sector.

Imports accounted for over 90 per cent of total petroleum supply in 2025, exposing the country to global oil price volatility, foreign exchange risks and supply chain disruptions.

Uncovering the Loss

According to the Chamber of Oil Marketing Companies, the estimates were derived from a reconciliation analysis of Ghana’s national petroleum stock.

The analysis revealed that 199 million litres of petroleum products were unaccounted for. The report largely attributes this to illegal activities within the sector, despite ongoing automation and regulatory interventions.

It noted that the Chamber of Bulk Oil Distributors has, over the years, raised concerns about frequent transfers of refined products from depots to some modular refineries. These transfers, it said, could provide avenues for diversion of products to retail outlets to evade taxes.

The Chamber of Oil Marketing Companies stressed the need for stricter monitoring of petroleum stocks across the entire value chain. It warned that the fiscal impact could be higher than current estimates, underscoring the need for improved verification and accountability mechanisms.

Recommendation by Chamber of Oil Marketing Companies

The Chamber is calling for strict protocols governing the export of petroleum products to neighbouring countries to prevent diversion and tax evasion. This includes developing a comprehensive export manual.

It is also proposing that export permits should be backed by confirmed letters of credit from international banks or verified payments through the Bank of Ghana.

Additionally, the Chamber is urging the National Petroleum Authority and other stakeholders to develop guidelines to regulate transfers of refined products from refinery tanks to commercial storage facilities.

It further recommends that all modular refineries be integrated into the ERDMS and ICUMS systems to track inflows, production and outflows.

The report also proposes stricter monitoring of petroleum stocks, including regular reconciliation reports submitted to the regulator.

It suggests deploying a real-time Automatic Tank Gauging tracking system across all depots and refineries to enhance transparency in product movement.

These findings were contained in the 2025 Petroleum Product Analysis Report, which provides a comprehensive overview of Ghana’s petroleum sector performance and emerging risks.

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Announcing the decision, the Minister for Government Communications said the move is intended to reduce the burden on consumers as fuel prices respond to developments in global oil markets.

“Cabinet has directed the Finance and Energy Ministers to take immediate steps to reduce the price of fuel through the removal of some taxes and margins on fuel, effective the next pricing window. The intervention will remain in force for an initial period of four weeks,” he said.

The key question now is which specific taxes or margins will be affected and how the suspension will affect government revenue while providing relief to consumers without destabilising Ghana’s energy sector.

Currently, a litre of petrol or diesel carries total taxes and margins of about GH¢4.20.

At the prevailing price floor of about GH¢13.30 for petrol and GH¢17.10 for diesel, these taxes and margins account for roughly 31% of petrol prices and 24% of diesel prices.

The single largest levy within the tax structure is the Energy Sector Shortfall and Debt Recovery Levy, which stands at GH¢1.95 per litre after the introduction of the additional GH¢1 ESLA levy.

The Energy Fund Levy, Road Fund Levy and Special Petroleum Tax together bring total taxes to about GH¢2.90 per litre, while margins account for approximately GH¢1.37.

Taxes form part of government revenue and are incorporated into the national budget.

Margins, however, are distributed among various agencies within the petroleum sector, including the National Petroleum Authority (NPA), the Petroleum Hub Development Corporation (PHDC) and the Bulk Oil Storage and Transportation Company (BOST).

One of the margins is the Primary Distribution Margin, which consumers pay to cover the cost of transporting petroleum products between depots managed by BOST.

Consumers currently pay about 26 pesewa per litre for this service. However, research by the Africa Centre for Energy Policy (ACEP) suggests that more than half of petroleum products distributed in Ghana are transported outside BOST facilities.

In addition to the distribution margin, BOST receives an additional 12 pesewa per litre, intended to support the maintenance of strategic petroleum stocks.

In practice, however, the company has increasingly assumed a commercial role in recent years, competing with private-sector importers rather than maintaining strategic stock reserves.

Another margin that has become the subject of debate is the Unified Petroleum Pricing Fund (UPPF).

The fund was originally created to ensure that petroleum prices remained uniform across the country so that regions located farther from the ports would not pay significantly higher prices.

Over time, however, the margin has grown significantly. The UPPF stood at 22 pesewas in 2018 but has since risen to 90 pesewas per litre, representing an increase of more than 300% in about five years.

An investigation by ACEP found that the fund now finances more than transportation costs.

According to the report, it also supports fuel supply for security agencies, fuel consumption by political appointees at the Presidency, some programmes of the National Petroleum Authority and support for the Petroleum Hub Development Corporation.

This may partly explain why Cabinet also directed political appointees to stop drawing free fuel allocations.

“The President also reminded ministers and senior government officials to adhere strictly to the ban on fuel allowances and fuel allocations,” the Minister for Government Communications said.

The involvement of several agencies in these margins partly explains why government has not yet announced which specific taxes or charges will be suspended.

“Because of the involvement of multiple stakeholders, they need to be engaged and consulted. A definite announcement will be made about the specific tax and the exact amount involved when the next pricing window is reached,” he said.

Any adjustment to margins, such as the UPPF or BOST charges, would affect institutions that depend on those funds, including the NPA, BOST, PHDC and security agencies, which means stakeholder consultations are likely to influence the final structure of the relief measures.

Analysis by JoyNews Research also suggests the fiscal implications could be significant.

Based on current revenue flows from the various petroleum tax handles and projections in the 2026 budget, every GH¢1 removed from fuel taxes could result in a revenue shortfall of nearly GH¢500 million per month.

If the relief reaches GH¢2 per litre, the revenue gap could approach GH¢1 billion for a single month.

If the government focuses more of the relief on margins rather than taxes, the fiscal impact on the national budget would be smaller because margins do not flow directly into government revenue.

However, any reduction in taxes or levies would require the government to absorb the resulting revenue shortfall.

Some consumers remain cautious about temporary tax relief measures.

During the COVID period, several relief measures were later converted into permanent taxes, including the COVID-19 Health Recovery Levy. As a result, many citizens are seeking assurances that any current relief will not eventually be recouped through taxes.

There is also the possibility that higher global oil prices could generate additional revenue for Ghana.

In the 2026 budget, government assumed an average oil price of about $76 per barrel. In recent weeks, however, crude prices have averaged closer to $100 per barrel, suggesting a potential windfall of about $24 per barrel.

Whether this windfall has actually materialised will depend on the timing of Ghana’s crude liftings and whether any recent cargoes have been sold at these higher prices.

Officials at the Energy Ministry and GNPC would need to confirm whether Ghana has lifted and sold crude during the recent price surge.

Another potential source of support could have been gold export revenues. However, the Chief Executive of the Ghana Gold Board recently indicated that the agency is not selling gold at this time, a management decision due to uncertainty in global markets.

At the same time, Dubai, Ghana’s key gold export destination, has experienced flight disruptions and airspace restrictions linked to the ongoing conflict.

For the government, the decision ultimately involves balancing consumer relief with fiscal sustainability and the financial stability of institutions within the petroleum sector.

The coming pricing window will therefore reveal three key things: which specific taxes or margins will be suspended, how much relief consumers will actually receive, and how the government intends to manage the resulting revenue shortfall.

According to him, the poultry sector is under significant pressure due to the rising cost of production inputs, particularly feed, which continues to affect local farmers’ ability to compete with imported products.

He explained that government support would not only ease the financial burden on poultry farmers but also strengthen local production and contribute to national food security.

Mr. Mends further urged authorities to intensify initiatives such as the “Nkoko Nketenkete” programme, which is aimed at boosting domestic poultry production and cutting down the country’s import bill.

Ghana currently imports over 600,000 tonnes of frozen chicken annually, accounting for between 95% and 98% of total chicken consumption in the country. These imports, largely from countries such as Brazil, the United States, and members of the European Union, cost the nation between $300 million and $600 million each year.

He noted that this heavy dependence on imports places a strain on the country’s foreign exchange reserves and limits job creation within the local poultry value chain.

Mr. Mends is therefore calling for urgent government intervention to reverse the trend and support the growth of the domestic poultry industry.

He also appealed to the government to establish poultry processing plants in all regions across Ghana, a move he believes will significantly increase local chicken production and create employment opportunities.

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Speaking on Asempa FM’s Ekosii Sen show, Mr. Duker criticised what he described as a rushed process, noting that the tender was reportedly opened within just four days.

He argued that such a timeframe is inadequate for a thorough and competitive bidding process.

According to him, standard practice requires sufficient time—often at least a month—for companies to assess requirements and submit competitive bids, including detailed evaluations of financial and technical capacity.

“There are many questions surrounding the E&P Damang mine deal. Before transferring a mining operation to another company, it is essential to assess their history, benefits, and other relevant factors. If you plan to issue a tender, it should be done at least a month in advance of the opening. Why would you open a tender and then only allow four days for financial capacity checks? What’s the rush? This has never happened before,” he stated.

Mr. Duker also questioned the mode of advertisement, suggesting that limiting the announcement to the Ministry of Lands and Natural Resources website may have restricted wider participation within the mining industry.

He maintained that several qualified mining firms could have expressed interest if given adequate time and proper notice, adding that the situation raises concerns over transparency and due process.

“There are other mining companies in the country that could also bid for this mine. While they claimed to have advertised on the Ministry’s website, is that website even up to date? How many people in the industry actually visit that site? Opening a tender there seems questionable. I have not seen a company that opens a tender within just seven days,” he added.

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