Ghana’s inflation currently stands at 18.4% | File Photo
Ghana risks importing inflation due to current global tariffs. This is according to the Managing Partner of the International Advisory firm, Konfidants, Michael Kottoh, while noting that due to the current increase in global tariffs, the cost of imports may rise.
This, he said, may contribute to higher inflationary trends, which may lead to an increase in inflation in various sectors of the economy.
“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.
“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 goes up,” he was quoted by citinewsroom.com.
Meanwhile, Ghana has achieved a significant trade breakthrough with China, following high-level talks on the sidelines of the ongoing China-Africa Summit in Changsha on June 12, 2025.
This development is expected to reshape economic ties and trade dynamics between the two nations.
Under the new agreement, all Ghanaian goods exported to China will now enter duty-free, eliminating import taxes and making Ghanaian products cheaper and more competitive in the Chinese market.
SSD/AE