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US-Israel-Iran war could affect Ghana’s gold and oil exports – Barker-Wormawor
March 7, 2026
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US-Israel-Iran war could affect Ghana’s gold and oil exports – Barker-Wormawor

Money
Policy
Growth

Key Points

  • Ghana's economic gains from gold and oil face challenges due to the US-Israel-Iran conflict.
  • Though direct trade with Iran/Israel is limited, regional instability threatens critical export routes.
  • A significant portion of Ghana's gold, refined in Dubai, could face routing disruptions, necessitating alternative channels like India.
  • Oil logistics via the UAE are also at risk, potentially requiring emergency measures at the Tema Oil Refinery to secure domestic supply.
  • Careful planning and alternative trade strategies are crucial to safeguard Ghana's economic stability and revenue systems.

Why This Matters

This article highlights Ghana's economic vulnerability to geopolitical conflicts, even those geographically distant. Disruptions to gold export routes and oil supply chains could significantly impact Ghana's foreign exchange earnings and domestic energy security, potentially leading to price fluctuations and hindering economic stability.

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