Economic policy analyst Senyo Hosi has said that the country is unlikely to face an immediate fuel shortage despite rising geopolitical tensions in the Middle East.
Speaking in an interview on Channel One TV’s The Point of View on Monday, March 9, Senyo Hosi said Ghana’s petroleum supply chain remains relatively insulated from developments in the conflict-prone region.
“For us in Ghana, I don’t think there is so much to be alarmed about,” he said.
Senyo Hosi explained that Ghana’s main petroleum trade routes largely originate from Europe and the US Gulf, areas that are not directly affected by the ongoing tensions in the Middle East.
He added that Ghana’s own crude production, together with supplies from Nigeria and output from the Dangote refinery, provides additional support for the region’s fuel needs.
According to him, Europe remains a reliable trading partner, while increasing production from the US Gulf is expected to further stabilise supply.
His assurance comes amid concerns over recent disruptions in fuel loading operations at the Tema Port.
Earlier, Edward Bawa, Group Chief Executive Officer of GOIL PLC, announced that systems at the port had been restored, allowing fuel loading activities to resume.
In a brief update shared on social media on Monday, March 9, Bawa indicated that normal operations had resumed following a temporary disruption.
GOIL and Star Oil Ghana had previously raised concerns about fuel supply challenges, linking the situation to the Integrated Customs Management System (ICUMS).
However, Ghana Link Network Services Ltd., operators of the ICUMS platform, rejected the claims, describing reports that the system had been down since March 6 as “false, misleading, and wholly without basis.”
