During his ‘Thank You Tour’ of the Savannah Region on June 14, 2025, President Mahama raised concerns about the ripple effects of the escalating tensions in the Middle East.
He explained that rising crude oil prices, triggered by the exchange of missile strikes between Iran and Israel, could undermine Ghana’s progress in stabilising petroleum product prices.
“Despite the work we have done in stabilising the economy, Ghana is not immune to the shocks of global events,” he remarked.
To address the looming threat, Mahama disclosed that he had tasked the Finance and Energy Ministers to monitor the situation closely and devise strategies to protect the recent gains achieved in fuel price reductions.
However, his remarks sparked mixed reactions among Ghanaians online.
Critics argued that Mahama’s current stance appears contradictory, pointing out that while in opposition, he criticised the Akufo-Addo government for blaming external factors, such as the Russia-Ukraine war, for Ghana’s economic woes.
They questioned why he now acknowledges global events as influencing domestic fuel prices.
Conversely, some supporters defended Mahama, asserting that his statements were not an attempt to shift blame but rather a realistic acknowledgment of potential external pressures on Ghana’s economy.
They argued that his call for proactive measures demonstrated responsible leadership in anticipating global market fluctuations.