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.
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