Ghana’s International Reserves Will Be Eroded By Sharp Decline in Gold Prices – Fitch Solutions

FITCH Solutions has warned that a sharp decline in global gold prices triggered by a return towards more conventional trade policies in the US and the resolution of major global geopolitical flashpoints will quickly erode Ghana’s international reserves.

According to the UK-based firm, the central bank would in this scenario struggle to maintain the cedi at current levels, leading to a renewed sell-off.

“This would keep inflation elevated, lead to a weakening in consumer and investor sentiment and…