The finance minister and the ministry of energy and transition have been instructed by President John Dramani Mahama to closely monitor the ongoing Israel-Iran conflict and its effects on the energy industry.
During his Thank You Tour of the Savannah Region, the President issued the directive during a durbar attended by the chiefs and residents of Damongo.
Despite the government’s efforts to stabilize the economy, he stated,
The shocks of world events did not spare Ghana.
“Recent events in the Middle East, which involve an exchange of missiles between Israel and Iran, have started to escalate crude oil prices dramatically,” the President said.
“I have asked our Minister of Finance and Minister of Energy to keep a close eye on the development and model the possible impacts on our petroleum prices and prepare measures to protect the recent gains that we have made.”
The president thanked the Savannah Region’s chiefs, Yagbonwura, and people for supporting him and the ruling National Democratic Congress (NDC) in the general election held on December 7, 2024.
“And today I return not just as your son, but as the President of Ghana, to express my appreciation to the Yagbonwura, the chiefs and people, queen queenmothers, youth, and women of the Savannah region for your unwavering support, your trust, and your prayers,” he said.
“In the most recent elections, you stood firm for a shared vision of fairness, inclusion, and transformation.”
The president reiterated his unwavering dedication to the people of the Savannah Region.
Source: newsthemegh.com