The Middle East conflict is affecting global market trajectory, prompting Ghana's Bank of Ghana to manage currency volatility using gold revenue.

The entities involved

• Ghana →

  country in West Africa

  • Ghana hosts a global conference on reparatory justice, debating colonial legacy and the government-backed repeal of the Code Noir.Mon 17:37
  • The African Union established a joint mechanism on reparative justice.Mon 17:31
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
• Bank of Ghana →

  central bank of Ghana

  • GoldBod is seeking alternative funding sources to decrease its dependence on the Bank of Ghana.Mon 14:01
  • IMF reviewed Ghana's gold purchase program while the Bank of Ghana accumulated gold, raising concerns over state losses.Mon 08:42

Related events

• Global Fintech Fest is facing economic challenges due to the ongoing supply chain disruptions caused by the Middle East conflict.Sep 10
• The global backdrop is being shaped by the ongoing conflict in the Middle East, with implications for Ghana.Sep 23
• On May 27th, Ghana noted that the ongoing Iran conflict is contributing to increased global oil prices.Jun 7
• Geopolitical conflict in the Middle East is driving capital shifts and increasing the demand for Bitcoin due to currency depreciation across the region.Sep 7
• Conflict in the Middle East is driving inflation and cost increases, influencing central bank policy signals.Jun 7