The Chamber of Petroleum Consumers (COPEC) has cautioned that government interventions designed to lower domestic fuel prices offer only temporary relief and are unlikely to be fiscally sustainable if repeated.
The business group argues that relying on ad-hoc subsidies to shield consumers from global price shocks creates long-term budgetary risks for Ghana.
This warning comes as the Confederation of Ghanaian Chambers of Commerce previously urged the government to prioritize a strategic fuel reserves programme.
COPEC cites rising global oil prices as a key threat to domestic economic stability, suggesting that structural buffers are a more viable solution than recurrent fiscal support.
The debate mirrors challenges faced by other emerging markets managing energy price volatility.
For instance, Moody's Ratings recently warned Colombia that maintaining frozen domestic fuel prices could create a significant fiscal deficit, highlighting the broader risk of subsidy dependency in the region.