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BlockBeats News, March 16th, Trump stated that Iran is "not ready" to make a deal, the cost of this conflict is "very minimal," and he believes that the war will not last long. Once the war is over, the oil price will plummet "like a rock." He declined to comment on deploying ground troops to Iran.

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⑴ The spillover effects of geopolitical conflicts in the Middle East are impacting the African economy. John Asiama, Governor of the Bank of Ghana, warned on Monday that rising oil prices triggered by US military actions against Iran and tightening global financial conditions pose new threats to the country's inflation outlook. ⑵ Since inflation began to slow at a record pace in July 2025, the Bank of Ghana has been in an interest rate cutting cycle. However, the Monetary Policy Committee meeting held on Monday cast a shadow over the latest interest rate decision scheduled for Wednesday (March 18). Asiama explicitly pointed out that the conflict in the Middle East could undermine the recent positive momentum in the country's economy. ⑶ As Africa's largest gold producer, Ghana also has hedging strategies in this crisis. Asiama added that the rise in global gold prices could cushion the impact of soaring oil prices. Over the past year, Ghana has relied heavily on gold to stabilize its economy, with remarkable results. ⑷ Data shows that gold export revenues surged from $10.3 billions in 2024 to nearly $20 billions in 2025, almost doubling. This huge income has strongly driven a sharp improvement in the country's current account. For Wednesday's interest rate decision, the market will closely watch how the central bank balances fighting inflation and leveraging the gold dividend.