Ghana’s economy will stay largely protected from the consequences of the US-Iran confrontation, benefiting from elevated gold prices – Fitch Solutions

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Ghana’s economy will remain relatively insulated from the fallout of the US–Iran conflict as it benefits from elevated gold prices, Fitch Solutions has disclosed.

In its latest article, it said although the global gold price has fallen by 14% since the conflict started in late February 2026– reflecting higher US yields, tighter monetary policy expectations and a stronger dollar, the March 27, 2026 spot price of US$4,413 per ounce remains nearly three times the 2015–2024 average of USD1,603/oz.

Against this backdrop, its Commodities team maintains its forecast that gold will average US$4,600 per ounce this year, the highest annual average on record and 33.7% above the 2025 average of US$3,442 per ounce.

Source: newsthemegh.com