Dubbed the “Big Beautiful Bill,” the plan combines substantial new federal spending exceeding $1 trillion with sweeping tariff increases on imports.

Nigel Green, CEO of deVere Group, a major financial advisory firm, publicly stated this combination could represent “the most inflationary economic act in over half a century,” citing widespread concern among international economists.

The bill proposes tariffs affecting over 500 import categories, including clean technology, electronics, and industrial components.

Analysis cited by deVere indicates the effective tariff rate on Chinese goods could surge from 8% to 17.5%.

Green emphasized the unique danger lies in the permanence of this spending-tariff model, differentiating it from past crisis stimulus. He warned the resulting US inflation would inevitably spill over into global markets, impacting nations worldwide.

For Ghana, the primary concerns involve imported inflation and currency instability. Rising global costs for energy, manufactured goods, and components could pressure Ghana’s import-dependent sectors and consumer prices.

Green noted emerging markets often suffer currency volatility during such US-driven inflation surges, potentially complicating Ghana’s economic management. Higher global energy prices would also directly affect Ghana’s domestic fuel costs and power generation expenses.

International financial markets are already reacting. Long-term bond yields are rising, oil prices have increased, and assets like gold and Bitcoin have gained as inflation hedges. Central banks, including potentially Ghana’s, face reassessing interest rate paths.

Green argued the US Federal Reserve might delay or reverse rate cuts, tightening global financial conditions when many economies are vulnerable. He stressed investors globally must urgently factor in renewed long-term inflation risk when pricing assets and currencies.

While some US policymakers defend the bill as necessary for rebuilding domestic manufacturing, critics like Green contend the global inflationary costs are dangerously underestimated.

He asserts the policies risk creating sustained price shocks by disrupting trade flows while injecting massive stimulus.

The timing, driven by US electoral politics, further raises concerns about unintended long-term consequences outweighing short-term political gains, according to the deVere analysis submitted to financial regulators.