NPP urges government to outline economic safeguards amid Iran tensions - GHBUSINESSONLINE

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Thursday, 12 March 2026

NPP urges government to outline economic safeguards amid Iran tensions


Ho (V/R), March 11, – The opposition New Patriotic Party (NPP) has criticised the government’s response to rising tensions involving Iran, urging authorities to move beyond statements and outline concrete economic measures to protect Ghana from possible global shocks.

Mr Alfred Ahiatsi Believe, a member of the NPP National Communications Team, described the President’s response to the developments as insufficient, saying it did not adequately address the potential implications for Ghana’s economy.

He said although official statements were necessary in times of international tension, the government must also present practical strategies to safeguard the country’s economic interests, particularly if the situation affected global energy markets.

Mr Ahiatsi noted that global conflicts often had far-reaching consequences for Ghana despite the geographical distance.

“The distance from Ghana to Ukraine is about 7,000 kilometres, yet the impact of that conflict has been felt strongly in our economy,” he said.

“Similarly, tensions in the Middle East can easily affect fuel prices, inflation and the cost of living in Ghana.”

He therefore called on the government to clearly explain how it intended to manage the potential economic consequences of rising global crude oil prices and supply disruptions that could result from the crisis.

Mr Ahiatsi said Ghanaians needed clarity on measures being considered to cushion businesses and households from possible increases in energy prices and the broader cost of living.

“We need concrete actions, not just statements. The government must explain how it plans to mitigate the impact of rising oil prices on Ghana’s economy and how it will support businesses and families who may struggle with the economic fallout,” he said.

He also criticised what he described as the government’s “reset rhetoric,” arguing that the country required practical policy responses rather than slogans.

Mr Ahiatsi indicated that the NPP believed Ghana must adopt proactive strategies to reduce its vulnerability to external economic shocks.

Among the measures suggested by the party were diversifying Ghana’s crude oil import sources to reduce reliance on supplies from the Middle East, providing targeted support for local businesses likely to face rising operational costs, and strengthening engagement with international partners to secure favourable trade arrangements.

He further called on the government to intensify diplomatic engagement and economic planning to shield the country from the ripple effects of global geopolitical tensions.

Mr Ahiatsi reiterated the NPP’s commitment to holding the government accountable on issues that affected the economic welfare of Ghanaians.

GHBUSS
March 11, 2026

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