Ghana May Face Sector-Specific Imported Inflation Amid Global Trade Tensions – Konfidants Managing Partner Warns
Accra – June 12, 2025
Michael Kottoh, Managing Partner of international advisory firm Konfidants, has warned that Ghana could face imported inflation due to potential disruptions in global supply chains triggered by rising international trade tensions. However, he emphasized that the inflationary pressure would likely be sector-specific rather than affecting the entire economy.
Speaking at the 2025 Citi Business Forum held in Accra on Thursday, Mr. Kottoh addressed the theme “The Global Tariffs Dispute: Navigating Ghana’s Recovery Strategy.” He stated that while Ghana’s import-dependent economy makes it vulnerable to external price shocks, not all sectors will be equally affected.
“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,” he 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.”
Global Trade Disputes Fuel Local Concerns
His comments come at a time when global trade dynamics are shifting significantly. Protectionist tariffs, particularly by the United States and other major economies, are reshaping the flow of goods, driving up prices and creating uncertainty for import-reliant countries like Ghana.
Sectors most vulnerable include those heavily reliant on imports from Asia or countries affected by escalating tariff regimes, particularly in manufacturing, electronics, machinery, pharmaceuticals, and agricultural inputs.
Implications for Ghana’s Recovery Strategy
Mr. Kottoh urged policymakers and businesses to pay close attention to global supply chain developments, emphasizing the need for targeted mitigation strategies in sectors likely to be affected.
He also called for increased support for local production and supply chain diversification, saying this would help buffer Ghana’s economy from future shocks.
The Citi Business Forum 2025 convened top economists, business leaders, and policymakers to assess Ghana’s economic trajectory in the face of global trade disruptions, with an emphasis on resilience, innovation, and regional integration.
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