President of Ghana, John Dramani Mahama, has ordered the Finance Minister and the Energy Minister, as a matter of urgency, to take steps to ensure that the escalating tensions between Israel and Iran do not affect the gains made with fuel prices.
He urged them to assess the potential impact on global fuel prices and devise measures to protect Ghana’s recent economic gains.
President John Dramani Mahama made the remarks during his ‘Thank You’ Tour of the Savannah Region.
“Despite the work we have done in stabilising the economy, Ghana is not immune from the shocks of global events. Recent events from the Middle East, which involve an exchange of missiles between Israel and Iran, has started to escalate crude oil prices dramatically.
I’ve asked our Minister of Finance and Minister of Energy to keep a close eye on the development and model the possible impact on the petroleum prices and prepare measures to protect the recent gains that we have made,” he remarked.
Background
Explosions and air raid sirens are being heard again in Iran and Israel as the two nations continue to exchange missiles and drones, a day after the Israeli military killed top Iranian generals and nuclear scientists in the worst such escalation in decades.
Iran’s retaliatory strikes have killed at least four people and wounded more than 200 others in Israel since Friday, as a barrage of dozens of Iranian missiles lit up the skies over Jerusalem and Tel Aviv overnight.
On the Iranian side, at least 80 people, including women and children, have been killed and more than 320 others injured, as the Israeli army targeted residential areas in capital Tehran, military sites and nuclear facilities, killing at least nine nuclear scientists so far.
Accusing Israel of initiating a war, Iran’s Supreme Leader Ayatollah Ali Khamenei said it “must expect severe punishment” for killing several top-level military commanders and scientists.
MyNewsGh.com With Files from Aljezeera
