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.”