The Nasdaq Enters Correction — Wall Street Rocked as Oil Tops $110 and Inflation Fears Surge

The Nasdaq Composite has officially fallen 10%+ from recent highs into correction territory, with the Dow and S&P 500 also plunging. Oil breached $110/barrel as Hormuz blockade, Iran war, and Russia's gasoline export ban create a perfect supply disruption storm. Analysts warn of cascading costs through transportation, manufacturing, and consumer prices, reigniting inflation as central banks were beginning to ease.

When US tech stocks fall, emerging market capital flows dry up. Ghana's Eurobond window is sealed shut. The BoG and Finance Ministry must prepare a "Capital Drought Contingency" — mapping financing needs for 12 months and identifying alternatives: diaspora bonds, bilateral credit with China and India, and accelerated domestic debt market development.