Ghana’s fuel supply remains stable for now, but rising global tensions in the Middle East could soon put pressure on fuel prices in the country, according to the Ministry of Energy and Green Transition.
Technical Advisor at the ministry, Dr. Yussif Sulemana, says the major concern for Ghana is not a shortage of petroleum products but the potential impact of global market volatility on local fuel prices.
His remarks come amid escalating tensions involving the United States, Israel, and Iran, which analysts say could disrupt global oil supply routes and trigger fluctuations in international crude oil prices.
Speaking on the Citi Breakfast Show on Monday, March 9, 2026, Dr. Sulemana explained that Ghana currently has sufficient petroleum stocks to meet domestic demand in the short term.
“We are not immediately threatened by the supply or availability of the product,” he said. “What we are immediately threatened with is the price. The big question is whether we will be able to maintain stable prices.”
According to him, the National Petroleum Authority (NPA) has assured the ministry that the country has enough fuel reserves to last beyond five weeks.
He added that the situation could improve further as additional shipments of petroleum products have already arrived at Ghana’s ports and are awaiting discharge.
Once those shipments are offloaded, Dr. Sulemana noted, Ghana’s fuel reserves could extend to as much as 10 weeks, providing additional cushion against potential supply disruptions.
Despite the reassuring stock levels, authorities continue to monitor developments in the Middle East closely, as any escalation could have ripple effects on global oil markets and, ultimately, local fuel prices.
