Ghana continued to hold the 10th-lowest cost of petrol in Africa.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Despite the cedi’s depreciation to the US dollar, Ghana retained its 10th position with the lowest fuel price in Africa in May 2024.

Accordingly, Ghana’s average petrol price of $1.070 per litre ranks it 47th globally. Libya also retained the number one position in Africa with the lowest fuel price of $0.031 per litre on the African continent but 2nd globally.

Egypt and Algeria came 2nd and 3rd respectively with fuel prices of $0.289 and $0.353 per litre. From 4th, 5th, 6th, 7th, 8th and 9th were Angola ($0.353), Nigeria ($0.491), Sudan ($0.700), Tunisa ($0.811), Liberia ($0.966) and Gabon ($0.968) respectively.