Former Member of Parliament (MP) for Amenfi Central, Peter Kwakye-Ackah, has called on the Governor of the Bank of Ghana, Johnson Asiama, and the Finance Minister, Cassiel Ato Forson, to explore effective strategies to manage the current economic situation amid ongoing tensions in the Middle East.
Speaking the morning show on Angel FM, Tuesday, March 17, 2026, Mr. Kwakye-Ackah emphasised that the government’s belief in their capabilities and their strategic planning is what led to their appointments in these key positions.
He noted that while wars can negatively impact the economy, they can also present opportunities for positive outcomes. As such, he urged the leaders to harness these positive effects to stabilise the economy.
“We saw some and talked against it because I knew that it was because of those things that they appointed those with strategies. So I urge the Governor of the Bank of Ghana and Ato Baah Forson to use their knowledge to maintain the stability we are enjoying,” he stated.
Ackah pointed out that the ongoing conflict impacts the country’s importation levels but also favours exports.
He suggested that Ghana should leverage the net gains from increased exports of crude oil to bolster the economy during this turbulent period.
“Because oil prices have increased and we also have the same oil which we extract and export, the price of that will also rise. So, more or less, we have our net gain. Let the leaders use our gains to stabilise our economy,” he stated.
He further remarked that even nations embroiled in conflict manage to maintain stronger economies.
He therefore encouraged Ghana’s leaders to study their strategies to find effective solutions, aiming to prevent a further escalation of the current economic challenges.
Source: Vanessa Elizabeth Nkum
