Ghana may soon face increased fuel costs and rising prices for goods. This is due to growing conflict in the Middle East.
The situation overseas could affect fuel supplies and shipping costs worldwide. This creates pressure on countries like Ghana.
Even though Ghana's money, the cedi, is currently stable, global events can still have an effect.
Member of Parliament David T. D. Vondee told state television that international conflicts are a concern for Ghana's economy.
He suggested that global powers involved in these conflicts were a factor.
The rising tensions create uncertainty in the global oil market.
This uncertainty can lead to price increases for countries that import oil.
Ghana relies on imported fuel, making it vulnerable to these global price changes.