Consumer inflation eased further in December 2023 - closing at 23.2 percent, down from November's 26.4 percent per data from the Ghana Statistical Service (GSS).
This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation.
Cumulatively, inflation dropped 30.4 percent during 2023 while average...
The market anticipates an elevation in Treasury bill yields throughout Q1 and Q2 of 2024, with the Treasury market retaining its position as the primary commercial financing avenue for government.
Consumer price inflation has notably decelerated - dropping to 26.4 percent as of November 2023 on the back of favourable base effects in recent times.
Despite the expected...
Ghana's economic growth decelerated to two percent year-on-year in the third quarter from 2.7 percent a year earlier, broadly in line with expectations as fiscal tightening and high interest rates to tame inflation took a toll.
However, analysts still believe the economy remains on track to achieve the government's recently...
Provisional economic growth averaged two percent in the third quarter of 2023, down from 2.7 percent in the same period last year, according to latest figures published by the Ghana Statistical Services (GSS).
The slower growth was attributed primarily to ongoing fiscal consolidation efforts and a tightened monetary policy stance...
The recent decline in consumer inflation has triggered a notable shift in the Treasury market, significantly influencing rates and reshaping investor sentiments.
The unexpected plummet in headline inflation from 35.2 percent in October to 26.4 percent in November 2023 has led to a ripple-effect across the markets, particularly impacting T-bill...
The debt crisis in low-income countries continues to fester. Meanwhile, the international policy community seems to be losing traction on the problem. Can it recover its grip, or has a developing-country debt disaster become inevitable?
The number of economies in debt distress had already risen sharply between the global financial...
In September 2023, Ghana’s government launched a US$550billion Energy Transition and Investment roadmap toward achieving net-zero carbon emissions. The plan has capacity to create an estimated 400,000 jobs by 2060, according to details of its plan - which was developed by government and SEforALL. The plan was launched by...
The former president of Ghana and the flag bearer of the National Democratic Congress (NDC), Mr. John Dramani Mahama, recently announced his intention to run a 24-hour economy if elected president. This proposal has generated a lot of economic and political discourse on electronic and print media in Ghana...
Bank of Ghana (BoG) Governor Dr. Ernest Addison has expressed confidence regarding the economy’s outlook going into 2024.
Highlighting his optimism, the Governor said he expects “significant improvement in the operating environment for businesses” next year.
Speaking at the BoG’s end-of-year cocktail event, Dr. Addison affirmed the policy mix under the...
Consumer inflation saw a significant drop in November 2023 - dropping to 26.4 percent from the previous month's 35.2 percent. The 8.8 percentage point decline falls in line with market forecasts, providing a welcome respite amid high and persistent inflation rates.
This remarkable downturn comes as a favourable outcome -...