Managing Partner of International Advisory firm, Konfidants, Michael Kottoh has cautioned that Ghana could face imported inflation in the wake of potential disruptions to global supply chains—but stressed that the impact would be sector-specific, rather than widespread across the entire economy.
Speaking at this year’s Citi Business Forum themed ‘The Global Tariffs Dispute: Navigating Ghana’s Recovery Strategy‘ in Accra on Thursday June 12, he noted that while new tariffs or trade barriers could raise the cost of bringing in certain goods, this would not necessarily translate into a generalised inflationary trend across all sectors.
“As an import-dependent economy, you could say that we risk potentially some sort of imported inflation if the tariff really messes up supply chains and prices go up,” Kottoh explained.
“But this imported inflation is not going to be generalised. It is going to be restricted to certain specific sectors and products that may have high exposure to certain supply chains that may be adversely impacted such that the cost of these imports go up.”
His comments come amid ongoing global trade tensions and shifts in tariff policies that could affect key goods imported into Ghana.
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