Audio By Carbonatix
Rising geopolitical tensions in the Middle East are unlikely to trigger an immediate fuel shortage in Ghana, according to economic policy analyst Senyo Hosi.
His assurance comes at a time when global energy markets are closely monitoring developments in the region, with concerns that prolonged instability could disrupt international oil supply chains.
However, Mr Hosi believes Ghana’s petroleum supply routes are largely shielded from direct exposure to the conflict-prone area.
Mr Hosi explained that much of the country’s fuel imports originate from Europe and the United States Gulf Coast rather than the Middle East.
As a result, he noted, the impact of tensions in that region on Ghana’s fuel supply is expected to remain limited in the short term.
Mr Hosi also pointed to additional buffers within West Africa’s petroleum ecosystem.
According to him, Ghana’s domestic crude production, combined with supplies from Nigeria and output from the Dangote Refinery, provides an extra layer of stability for fuel availability in the sub-region.
“For us in Ghana, I don’t think there is so much to be alarmed about,” he said.
Meanwhile, fuel loading operations at the Tema Port have returned to normal following a temporary disruption that had earlier raised concerns about supply.
The Group Chief Executive Officer of GOIL PLC, Edward Bawa, confirmed in a social media update on Monday, March 9, that the operational systems had been restored and fuel loading activities had resumed.
Earlier reports had linked the disruption to challenges with the Integrated Customs Management System.
However, Ghana Link Network Services Ltd. dismissed those claims, describing allegations that the system had been offline since March 6 as “false, misleading and wholly without basis”.
Mr Hosi made the remarks during an interview on Channel One TV on Monday, March 9, where he reiterated that Ghana’s diversified supply channels and regional production capacity provide a degree of protection against potential global supply shocks.
Latest Stories
-
Sahara Group commissions 40,000cbm Asharami Ghana LPG vessel to advance clean energy access in Ghana
7 minutes -
Ghana’s Ambassador to Côte d’Ivoire marks 69th independence day with call to ‘build prosperity and restore hope’
8 minutes -
COCOBOD to distribute 27,000 sprayers and 89,000 PPE sets to cocoa farmers
17 minutes -
Ntim Fordjour accuses NDC of ‘double standards’ over presidential travel
23 minutes -
Israel–Iran war shakes global insurance industry; Ghana may face heavy impact – Dr Kingsley Agyemang
26 minutes -
DJ Mensah calls for national support for Rapperholic UK as Sarkodie eyes O2 Arena
29 minutes -
COCOBOD disburses GH¢4.2bn to Licensed Buying Companies to settle cocoa farmers’ arrears
30 minutes -
Rebecca Ekpe launches mentorship programme for young journalists and digital creators
31 minutes -
Home Support: How we can use Ghanaians living in the diaspora to form supporter groups for the 2026 World Cup and save millions
38 minutes -
NPP communicator, Senyo Amekplenu seeks audit service expenditure details under RTI
45 minutes -
British man charged in Dubai for alleged filming of Iranian missiles
47 minutes -
The mirage of president’s special initiatives – Mahama’s “Legacy Projects”, or another monuments of waste?
49 minutes -
British man charged in Dubai for alleged filming of Iranian missiles
49 minutes -
The digital mirage and Cedi’s grave: Unmasking one million coders facade
1 hour -
Northshore Apparel Ghana Ltd partners with Coats Digital to launch regenerative apparel manufacturing hub
1 hour
