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Home»Politics»Middle East conflict could trigger economic shocks in Africa
Politics

Middle East conflict could trigger economic shocks in Africa

Ghana NewsBy Ghana NewsMarch 3, 2026No Comments2 Mins Read
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John Dramani Mahama is the President of Ghana John Dramani Mahama is the President of Ghana

President John Dramani Mahama has raised concerns about the ongoing tensions in the Middle East, stressing that it could have serious economic consequences for African countries.

Speaking during bilateral talks in Arusha on Tuesday, March 3, 2026, President Mahama said recent attacks by the United States and Israel on Iran signal a dangerous shift in global geopolitics that Africa cannot ignore.

“We are watching the geopolitical events with alarm. A few days ago, we witnessed attacks on Iran by the US and Israel and counterattacks by Iran on Gulf countries, creating a new geopolitical situation,” he said.

How the US-Israel-Iran conflict could affect Ghana

President Mahama warned that instability in the Middle East, a region central to global oil production could lead to sharp increases in crude oil prices, placing heavy pressure on African economies.

“We know these shocks will come. But when they come, we must prepare ourselves to make sure our people are protected, because as it stands, that region is the epicentre of global oil supplies. And we know when crude prices rise above a certain level, it has a negative effect on our countries,” he added.

According to him, African governments must act early and put measures in place to cushion their citizens against potential fuel price hikes, inflation and broader economic disruptions that could follow if the conflict deepens.

His remarks highlight growing concern among African leaders about how global geopolitical tensions, though far from the continent, can directly impact local economies and livelihoods.

SO/VPO

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