*Ghana's Economy to suffer as a result of Israel-Iran Conflict*

Member of parliament for OkaiKwei central, Mr Patrick Boamah has predicted that, Ghana's economy will suffer one way or the other as a result of Israel-Iran conflicts. 

Explaining his point, he said 25% of global oil trade goes through the war enclave.

He added that, if a government  makes some projections for it oil purchase and there's a 7% increment in the world market, there must be a cause of worry. 

He called on the government to be strategic and put some measures in place to manage the situation. 

According to him, Ghanaian embassy in Tehran has been affected by the recent conflict between Iran and Israel, prompting the Ghanaian Foreign Ministry to direct the embassy's shutdown.

He said some arrangements are underway for the safe evacuation of embassy staff, comprising six diplomats and one official.

"The shutdown affects six foreign service officers working to ensure a peaceful exit from Tehran."

Meanwhile, approximately 50 Ghanaian residents in northern Iran, particularly in the city of Qom, are reluctant to relocate due to safety concerns.

 He asked the Foreign Ministry to maintain contact with these residents and ensure their safety.

However, the conflict has raised concerns about the economic impact on oil trade and prices. 

Efforts are being made to facilitate peaceful negotiations to alleviate these concerns.

Report  by PKB