The government has assured the public of its commitment to safeguarding Ghana’s energy supply amid rising global uncertainty triggered by the ongoing crisis in the Middle East.

This comes in the wake of escalating military exchanges between Israel, Iran, and the United States, which have heightened fears of a broader regional confrontation.

Amid the strikes and counterstrikes, the Strait of Hormuz, one of the world's most important shipping routes vital to oil transit and trade, has been shut.

Consequently, a high-level meeting was held that brought together representatives from the National Petroleum Authority (NPA), BOST Energies, Ghana National Petroleum Corporation (GNPC), Oil Marketing Companies (OMCs), Bulk Import, Distribution and Export Companies (BIDECs), and other major industry players to deliberate on the development.

The engagement focused on growing volatility in the global oil market, potential supply chain disruptions, fluctuations in freight costs, and the possible implications for domestic fuel pricing and consumer welfare.

According to a statement released on Tuesday, March 3, Richmond Rockson, Spokesperson and Head of Communication at the Ministry of Energy and Green Transition, stated that the meeting was held "to ensure Ghana remains insulated from any adverse effects arising from the geopolitical tensions in the Middle East."

At the meeting, Minister of Energy and Green Transition Dr. John Abdulai Jinapor emphasised the need for proactive measures to safeguard the country’s energy supply reliability.

He said, "Contingency measures are being reviewed and strengthened to minimise any potential adverse effects on the country arising from the current geopolitical tensions."

He also directed the National Petroleum Authority, "as regulator of the downstream sector, to intensify market surveillance and maintain close coordination with industry stakeholders to ensure that any anticipated supply disruptions are swiftly mitigated."

Dr. Jinapor further tasked all sector agencies "to maintain adequate strategic fuel stocks, enhance monitoring of international developments, and ensure stable nationwide distribution."

Government, the statement said, remains fully committed to protecting Ghana’s energy supply security and shielding consumers from undue hardship.

"All necessary measures are being explored to ensure sustained fuel availability and to mitigate undue hardship on consumers," the ministry assured.

The Ministry of Energy and Green Transition added that it will continue to monitor global developments closely and provide timely updates as the situation evolves.