The Bank of Ghana has issued a stark warning that rising transport and haulage costs could further accelerate inflationary pressures across the economy.
The central bank highlighted that headline inflation has risen for three consecutive months, climbing from 3.2% in March to 5.3% in June, with transport prices identified as a primary driver of the uptick.
This development underscores the vulnerability of emerging market economies to global supply chain disruptions.
Maritime shipping costs have recently climbed to a four-year peak, driven by aggressive pre-tariff ordering and persistently high fuel expenses.
These structural tightening conditions in container capacity are translating into higher domestic logistics costs, which are then passed on to consumers through fare hikes and increased goods prices.
The inflationary pressure from transport costs mirrors broader trends seen in other sectors exposed to fuel and logistics volatility.