President John Dramani Mahama has raised concerns over escalating hostilities involving the United States, Israel, and Iran, warning that the growing conflict in the Middle East could have serious economic consequences for African countries.
According to the President, the Middle East remains central to global oil production and supply, and any prolonged instability in the region could trigger a sharp rise in crude oil prices on the international market.
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He explained that higher fuel prices would place additional pressure on African economies, particularly those heavily dependent on imported petroleum products, leading to increased transport costs, rising inflation and additional fiscal strain on governments.
President Mahama urged African governments to brace themselves for possible external shocks and to strengthen economic resilience against global geopolitical disruptions.
He also called for diplomatic engagement and restraint among the parties involved, stressing that peace and stability in the Middle East are crucial for global economic stability and sustainable development.
His warning comes amid growing international concern that further escalation could disrupt global energy markets and disproportionately affect developing economies, including those in Africa.
