Any destabilisation of this route would significantly reduce global oil supply. Here's how much fuel is selling on March 2For Ghana, a net importer of petroleum products, the economic implications are considerable. Continued upward pressure on global oil markets could lead to sharp increases in domestic fuel prices in the coming months. This depreciation would compound the inflationary impact of higher fuel prices, further straining the economy. For Ghana, where fuel prices directly affect transportation and food costs, this could have both economic and political repercussions.

Source: GhanaWeb March 02, 2026 14:38 UTC