Ghana is unlikely to experience an immediate fuel shortage despite rising tensions in the Middle East, according to Dr. Riverson Oppong, Chief Executive of the Ghana Chamber of Oil Marketing Companies.
In a media interview, Dr. Oppong explained that Ghana sources the bulk of its fuel from Western markets rather than the Gulf region.
He said that even in a worst-case scenario, the country would not face supply disruptions because it does not depend directly on Gulf-based imports.
However, he cautioned that Ghana remains exposed to fluctuations in international benchmark prices.
He noted that existing pricing mechanisms provide some protection, citing last year’s Israel-Iran tensions, during which Ghana avoided price shocks because fuel purchases had already been secured within a fixed pricing window.
According to Dr. Oppong, the current March 1–15 purchase window has also been locked in, limiting immediate impact. He warned that prolonged conflict could nonetheless push global crude prices higher unless major producers increase output.
The National Petroleum Authority (NPA) has also reassured consumers that fuel supplies remain stable and that Ghana is well positioned to manage short-term market volatility.
