Analysis by Region - Emerging Markets - Ghana
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.
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