Ghana has dropped to 13th place in Africa for the lowest fuel prices, with an average petrol price of $1.051 per liter in January 2025, up from $0.985 in December 2024.
This change has moved Ghana from 43rd to 53rd globally. Libya remains Africa’s leader with the lowest price at $0.030 per liter, followed by Angola and Egypt.
Other countries like Algeria, Sudan, Nigeria, Tunisia, Ethiopia, and Liberia also feature in the top rankings.
Fuel prices in Ghana are expected to increase slightly starting from January 17, 2025, driven by rising global crude prices and a depreciating cedi, according to Dr. Riverson Oppong, CEO of the Chamber of Oil Marketing Companies.