Business News of Saturday, 10 January 2026Source: www.ghanaweb.comThe Director of Communications for the United Party, Solomon Owusu, has shot down claims that falling global crude oil prices are responsible for recent reductions in fuel prices at Ghanaian pumps and not solely government actions. Speaking in an interview on Joy Prime in a review of President John Dramani Mahama's one year in office, Owusu countered the assertions by some members of the New Patriotic Party (NPP) about the fuel price reduction. He jabbed the outgone NPP government, claiming that if they were to be in power, the recent capture of the Venezuelan President Nicolas Maduro by the US government would have been used to explain rising fuel prices. Local fuel prices will 'inevitably' be affected by surge in global oil prices - EconomistOwusu pointed out that Ghana is a net exporter of crude oil, therefore, rising oil costs during the NPP administration should have benefitted Ghana’s export revenues and, by extension, the cedi. So, if the prices [of oil] are going up, it means you have to benefit from it because we are also exporting crude.

Source: GhanaWeb January 10, 2026 18:21 UTC