By Ashiadey Dotse
A member of the Convention People’s Party (CPP), Kwame Jantuah, has expressed hope that ongoing global tensions involving the United States, Israel, and Iran will end soon, saying this could help reduce rising fuel prices.
Speaking in an interview on GTV Breakfast Show on Wednesday April 1, 2026, Mr. Jantuah noted that global conflicts play a major role in determining fuel prices and called for a quick resolution to stabilise the global market.
He stressed that the situation is largely driven by global economic interests and geopolitical tensions.
Mr. Jantuah explained that fuel prices in Ghana are heavily influenced by international commodity prices rather than only local factors such as the strength of the cedi.
He said this supports earlier comments by President John Dramani Mahama that the current price hikes are linked to global market conditions.
He also called on government to take a closer look at the build-up of fuel prices, including various levies and taxes, to identify possible areas for reduction to ease the burden on consumers.
According to him, Ghana must carefully weigh its options regarding crude oil production and refining, particularly the role of the Tema Oil Refinery (TOR), as decisions in that area could impact local fuel prices and national revenue.
Mr. Jantuah further encouraged Ghanaians to adopt practical measures such as carpooling to reduce fuel consumption while broader solutions are being considered.
He emphasised that while local interventions are important, global peace remains a key factor in achieving long-term stability in fuel prices.
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