Latest confidence surveys by the Bank of Ghana indicates some softening of consumer and business sentiments.
These findings, according to the Bank of Ghana were broadly in line with observed trends in Ghana’s Purchasing Managers’ Index (PMI).
This fell below the 50.0 benchmark to 49.7 in June 2024, from 51.6 in the previous month.
Beyond the first quarter, the Central Bank’s high frequency real sector indicators reflected a pickup in economic activity.
This is evidenced by the updated real Composite Index of Economic Activity (CIEA) annual growth of 3.3% in May 2024, compared to a contraction by 3.7% in May 2023.
The key drivers of the growth in the CIEA were private sector contribution to SSNIT, imports, cement sales, exports, domestic VAT, and tourist arrivals.
Latest Stories
-
Kurt Okraku took out ny passport from the U23 squad that travelled to Japan – Najeeb Yakubu alleges
3 mins -
Where hope fails: Ghana’s decaying home for the destitute
13 mins -
NDC Mining Committee for 2024 campaign refutes allegations of recruiting thugs for elections
23 mins -
Traction Control: A lifesaver with an off switch? Here’s why it exists
27 mins -
I don’t need anyman to woo me with money – Miss Malaika 2024 winner refutes pimping claims
34 mins -
”Kurt Okraku sabotaged my national team career because I refused to sign with Dreams FC” – Najeeb Yakubu
34 mins -
Businesses urged to leverage Generative AI for enhanced customer engagement
38 mins -
MultiChoice Ghana partners with Ghana Hotels Association to elevate guest entertainment
47 mins -
Bawumia’s music streaming app or Mahama’s pay-per-view TV channel?
51 mins -
Karpowership Ghana empowers 40 Takoradi Technical University students with scholarship
54 mins -
We expect significant reduction in prices of petroleum products in coming weeks – CEO AOMC
1 hour -
Betway Africa offers once-in-a-lifetime ‘Play-on-the-Pitch’ experience at Emirates Stadium
1 hour -
I coined the term ‘hype man’ in Ghana – Merqury Quaye
1 hour -
Vasseur questions ‘strange momentum’ of Formula One race director change
2 hours -
“I am disappointed in Kojo Manuel” – Merqury Quaye on “no tie” comment
2 hours