President John Dramani Mahama has called on African leaders to prepare for the potential economic consequences of the escalating conflict in the Middle East, warning that the continent could face significant shocks if tensions worsen.
Speaking at the opening of the 2026 Judicial Year and the 20th anniversary celebrations of the African Court on Human and Peoples’ Rights in Arusha, Tanzania, President Mahama said developments in the Middle East were a source of global concern, particularly for oil-importing African countries.
He pointed to recent military exchanges involving the United States, Israel and Iran, noting that instability in the region a critical hub for global oil production often triggers spikes in crude prices.
“We know these shocks will come, but we must prepare ourselves to protect our people,” he said, stressing that rising energy costs could quickly translate into inflationary pressures, currency instability and broader economic strain across African economies.
Call for Continental Preparedness
President Mahama urged African governments to strengthen economic resilience by diversifying their economies, deepening regional cooperation and implementing policies that shield vulnerable populations from external shocks.
He emphasized that while African nations cannot control global geopolitical tensions, they can take proactive measures to mitigate their domestic impact.
Strengthening Ghana’s Economic Position
Highlighting steps being taken at home, President Mahama outlined measures by Ghana to increase value addition and enhance revenue generation from natural resources. He cited significant growth in gold exports following regulatory reforms and renewed efforts to expand local cocoa processing to boost export earnings and reduce reliance on raw commodity exports.
According to him, strengthening local industries and maximizing returns on natural resources are essential to building economic buffers against global disruptions.
Reparations Agenda and Justice
As the African Union’s Champion on Reparations, President Mahama also reaffirmed the continent’s push for justice over historical injustices linked to the transatlantic slave trade. He announced that a resolution seeking formal recognition of the trade as a grave crime against humanity would be tabled at the upcoming session of the United Nations General Assembly.
He further encouraged more African states to ratify the protocol of the African Court, describing the institution as a vital pillar in strengthening human rights and the rule of law across the continent.
President Mahama’s remarks underscored a broader call for unity and strategic foresight, as African leaders navigate an increasingly volatile global landscape.