Ghana: Fuel Prices Set to Increase Today, Potentially Affecting Food Costs Again

Market watchers predict another fuel price increase from today amidst high food inflation.

Starting today, Tuesday, July 16, fuel prices are expected to rise as the second pricing window begins. Market analysts predict a potential increase of up to 4%, which could negatively impact the transportation of goods, especially farm produce, from the farm gate to market centers.

The Chamber of Petroleum Consumers (COPEC) has forecasted a 4% hike in petroleum product prices. According to COPEC, retail…