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
-
Minority leader accuses EOCO of ‘harassment’ in re-arrest of Buffer stock Ex-CEO, wife
4 minutes -
Gbankor Bricks and Tiles funds solar borehole project to boost water access in Paali
12 minutes -
Callistus Mahama warns against early succession talks, urges discipline and focus on governance
20 minutes -
Inherited legal education system not fit for purpose — Ansa-Asare
29 minutes -
FOX Sports seeking a ‘Chief World Cup Watcher’ for $50,000
31 minutes -
Miracles Aboagye urges Linda Ocloo to step down over controversial Northern posting comment
36 minutes -
Outdoor advertisers petition gov’t to halt median sign demolitions
57 minutes -
Roads Ministry to recover US$30 million from Indian contractor JMC over abandoned project
1 hour -
Education Ministry warns against malpractices as 2026 BECE records early offences
1 hour -
Ghana eyes Microsoft deal to drive digital jobs and AI growth
1 hour -
NACOC, Nigeria’s NDLEA sign MoU to strengthen intelligence sharing and joint drug enforcement
2 hours -
PABF condemns Iranian attacks on UAE, calls for restrain and dialogue
2 hours -
Photos: Gabon commissions new Congress Centre
2 hours -
DACF tackles GH¢8bn in unfinished projects nationwide, moves to complete legacy infrastructure
2 hours -
National Chief Imam urges Ghanaian pilgrims to uphold discipline and unity ahead of 2026 Hajj
2 hours