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The Managing Editor of The Punch newspaper, Mr. Ayisah Foster, has commended President John Dramani Mahama for what he describes as prudent and people-centred economic management, noting that recent developments in fuel pricing are providing tangible relief to Ghanaians.
According to Mr. Foster, Ghana’s economy has begun to experience a noticeable turnaround under President Mahama’s leadership, supported by the effective coordination of government business by the Chief of Staff, Mr. Julius Debrah, and the Vice President of the Republic, Prof. Naana Jane Opoku-Agyemang.
He observed that the current administration’s focus on stabilising key economic indicators is gradually easing the financial burden on ordinary citizens.
Speaking on the state of the economy, the Punch Editor stressed that fuel prices and the depreciation of the Ghana cedi remain the most critical factors influencing the cost of living and overall economic growth.
“Once fuel prices go up and the cedi weakens, the ripple effects are felt across all sectors of the economy—from transportation and food prices to the cost of basic services,” he explained.
Mr. Foster revealed that as of Friday, January 16, 2026, fuel prices at GOIL filling stations stood at GH¢9.99 per litre for petrol, GH¢11.21 for diesel, and GH¢13.97 for Super XP.
He described these prices as historic, pointing out that a litre of petrol is now cheaper than a can of malt beverage on the Ghanaian market which is sold at Ghc12 —an indication, he said, of significant economic relief.
“This development is not just symbolic; it has real implications for households, businesses, and transport operators. Lower fuel prices mean reduced operating costs, which should naturally translate into lower prices of goods and services across the country,” Mr. Foster stated.
He emphasised that while government policy has created the enabling environment for economic recovery, the full benefits can only be realised if all stakeholders play their part. In this regard, he urged traders, service providers, and particularly transport operators to pass on the benefits of reduced fuel costs to consumers.
“The government has done its part by stabilising fuel prices and managing the economy responsibly. It is now incumbent on drivers and transport unions to reduce transport fares so that commuters and ordinary Ghanaians can truly feel the relief,” he advised.
Mr. Foster further called on the general public to embrace the positive gains being made and support efforts aimed at sustaining economic stability.
He noted that responsible citizenship—through fair pricing, ethical business practices, and compliance with regulations—is essential to ensuring that the benefits of economic recovery are shared equitably.
In his concluding remarks, the Punch Editor reaffirmed his confidence in the Mahama administration’s economic direction, describing the current trends as a sign of renewed hope. “When fuel prices drop and the cedi shows signs of stability, it sends a strong signal that the economy is being managed well. If we all play our roles, Ghana can consolidate these gains for the benefit of present and future generations,” he said.
The latest fuel price reductions have sparked widespread public discussion, with many Ghanaians expressing cautious optimism that sustained stability will lead to broader reductions in the cost of living in the months ahead.
