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
-
Expansion Drive: Takoradi Technical University increases faculties
4 hours -
SHS heads demand payment of outstanding funds before reopening of schools
5 hours -
We thank God for the 2024 general elections – Akufo-Addo
5 hours -
Coconut Grove Beach Resort marks 30 years of excellence with memorable 9 lessons & carols service
5 hours -
WAFU B U-17 Girls’ Cup: Black Maidens beat Nigeria on penalties to win inaugral tournament
6 hours -
Real Madrid beat Sevilla to keep pressure on leaders Atletico
7 hours -
Liverpool put six past Spurs to go four points clear
7 hours -
Manchester United lose 3-0 at home to Bournemouth yet again
7 hours -
CHAN 2024Q: ‘It’s still an open game’ – Didi on Ghana’s draw with Nigeria
7 hours -
CHAN 2024Q: Ghana’s Black Galaxies held by Nigeria in first-leg tie
8 hours -
Dr Nduom hopeful defunct GN bank will be restored under Mahama administration
9 hours -
Bridget Bonnie celebrates NDC Victory, champions hope for women and youth
9 hours -
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
10 hours -
Akufo-Addo condemns post-election violence, blames NDC
10 hours -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
11 hours