Deputy Ranking Member of Parliament’s Energy Committee, Collins Adomako-Mensah, has revealed that the committee is planning an emergency meeting with key stakeholders in Ghana’s energy sector to assess the potential impact of the escalating conflict in the Middle East on local oil prices.
In an interview, Mr. Adomako-Mensah said the meeting is expected to take place early this week amid rising tensions involving the US, Israel, and Iran.
“My chairman has informed me that we are likely to hold an emergency session with industry players,” he said. “We plan to meet officials from the energy sector, the Environmental Protection Agency, and the Minister of Energy, probably by Tuesday or Wednesday.”
The committee intends to hear from technical experts on how the conflict could affect Ghana’s fuel supply and pricing.
“They are the technical people. They should explain the implications, though we already anticipate some price increases,” he noted.
The situation has also revived discussions around Ghana’s domestic refining capacity, particularly the operations of the Tema Oil Refinery (TOR). Mr. Adomako-Mensah expressed optimism that TOR, which has recently resumed limited operations, could help shield the country from supply shocks.
“I’m encouraged that TOR is running again, even if not at full capacity,” he said. “We need serious policy discussions with our producers. Ghana produces oil—so what measures can we take in situations like this?”
He called for urgent talks with local oil producers to explore the possibility of refining more crude domestically to ensure a steady supply.
“Can we urgently meet with them to see if we can refine more here in Ghana to guarantee supply?” he asked.
The planned meeting will also bring together officials from the Ministry of Energy and other regulatory bodies to brief the committee on the potential economic and energy implications of the conflict.
“These are policy decisions that must be taken by the ministry,” he stressed. “We expect to meet with Ministry of Energy officials on Wednesday for a detailed briefing.”
Ghana relies heavily on imported refined petroleum products, meaning any sharp spike in global oil prices could quickly drive up fuel costs, transportation fares, and general living expenses.
Mr. Adomako-Mensah said the committee’s engagement aims to help policymakers act early and protect consumers from the worst effects of potential price shocks.