Johnson Asiama has warned that rising tensions in the Middle East could affect Ghana’s inflation. He spoke during the 129th Monetary Policy Committee meeting of the Bank of Ghana. The conflict is disrupting key global energy and shipping routes. This has led to increased volatility in global oil prices.
Higher oil prices may raise import costs and worsen inflation in Ghana. He noted that these global risks could also tighten financial conditions. However, rising uncertainty may boost gold prices, benefiting Ghana’s trade balance. The committee will consider both local progress and global risks before deciding on the policy rate.
About The Author
