As global eyes remain fixed on rising tensions in the Middle East, one of Ghana’s top economic minds is sounding the alarm — and urging action before it’s too late.

Appearing on The Point of View with Bernard Avle (Channel One TV), Seth Terkper, former Finance Minister and Economic Policy Advisor at the Office of the President, shared a sobering message: Ghana must brace for impact.

According to Terkper, crises in major oil-producing regions like the Middle East aren’t just foreign affairs—they’re economic earthquakes waiting to hit Ghana’s shores.

“Any escalation could lead to a spike in global crude oil prices. That means higher import bills, a weaker cedi, and rising inflation,” he warned.

It’s not just a theory—he pointed to recent oil market reversals directly linked to geopolitical instability. The message is clear: what happens in the Middle East doesn’t stay in the Middle East.

One of Terkper’s most powerful points was about timing. Ghana, he stressed, cannot afford to be reactive.

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“You don’t prepare for a crisis during a crisis,” he emphasized. “You anticipate the crisis and prepare when times are good.”

Terkper called for urgent reinforcement of Ghana’s financial shock absorbers — particularly the Sinking Fund and the Stabilisation Fund. These funds serve as national savings accounts, designed to cushion the country during economic storms. Right now, they may be more crucial than ever.

With global uncertainty mounting, Ghana’s economic survival hinges on strategic foresight, not short-term fixes.

Seth Terkper’s advice is more than cautionary — it’s a call to action for policymakers, financial institutions, and every citizen who cares about the nation’s future.

The question isn’t if external shocks will come — it’s when. The real test will be: Will Ghana be ready?