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Analysis by Region - Emerging Markets - Ghana

Publisher Oxford Economics
Published Mar 09, 2026
Length 7 Pages
SKU # OFE21076990

Description

We predict that the adverse effects on Ghana of the US–Israel war with Iran will mainly be felt through higher commodity prices, which will increase domestic inflation. The spillover should become visible in CPI prints from H2 2026 onwards, though contagion will be limited if the cedi remains relatively stable. Ultimately, we now forecast inflation of 7.7% this year (7.3% previously) and 10.2% in 2027 (9.7% previously). Our economic growth projections remain unchanged.

Table of Contents

7 Pages
Ghana: Middle East conflict to have modest inflationary spillover
Forecast overview
Recent developments
Short
term outlook
Key drivers of our short
term forecast
Economic risk
Economic risk evaluation
Long
term prospects
Alternative long
run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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