Deputy Ranking Member of Parliament’s Energy Committee, Collins Adomako-Mensah, has revealed that the committee is set to hold an emergency session with key energy sector stakeholders to assess the potential effects of the escalating Middle East conflict on Ghana’s fuel prices.
Speaking to JoyNews, Mr. Adomako-Mensah said the meeting is expected early this week, likely Tuesday or Wednesday, and will include officials from the Ministry of Energy, the Environmental Protection Agency, and industry players.
“The technical experts will brief us on the possible implications of the conflict on fuel supply and pricing. While we have an idea it could push prices up, we need detailed analysis,” he noted.
The MP highlighted Ghana’s domestic refining capacity, particularly the recently revived Tema Oil Refinery (TOR), as a key factor in mitigating supply shocks.
“I’m excited that TOR is running, even if not at full capacity. We need urgent discussions with local producers to explore refining more crude here to secure supply,” he said.
Mr. Adomako-Mensah emphasized that the session will provide policymakers with actionable insights to shield consumers from potential price hikes, especially given Ghana’s heavy reliance on imported petroleum products.
“These policy discussions are critical to ensure that we are prepared and that any global disruptions don’t translate into a local crisis,” he added.
