Macro-Watch would keep you updated with macroeconomic developments.
Ghana’s headline inflation has dropped for the second consecutive month to 10.4% in September 2020 from 10.5% in the previous month on lower food prices. Food prices have started to drop following the start of the harvest season in the country. Although inflation is inching towards the central bank’s upper band target of 10%, we think that there could be inflationary risks in the last quarter of the year on...
2018 was a challenging year for Ghanaian financial markets as the spillover effects of a local banking sector crisis and unfavorable global events (trade tensions, global inflation, and Fed rate hikes) combined to create adverse outcomes for the stock market, currencies and mutual funds.
The Monetary Policy Committee of the Bank of Ghana is set to resume its policy easing cycle tomorrow after putting it on hold in the last two MPC meetings. We believe that the macroeconomic variables (economic growth and inflation) that influence the decision making of the MPC have improved since
The central bank's Monetary Policy Committee (MPC) met last week to review developments in the economy since the last MPC meeting to enable the MPC appropriately position the benchmark policy rate going forward. Ghanaian authorities have been
The Monetary Policy Committee (MPC) of the Central met last week to review recent economic developments in a bid to position the benchmark policy rate going forward. Since the last MPC meeting in March 2018, we have seen positive developments
2.0 THE ECONOMY
The year 2017 witnessed strong growth around the world. The outlook on global growth in 2017 was expected to recover the losses following the downturn of 3.2% in 2016 which is the weakest since the global financial crisis. Accordingly, the
The Ghanaian stock market recovered strongly in 2017 after posting losses in the previous 2 years. The benchmark GSE CI returned 52.7% on the back of investor expectations that ongoing economic recovery would positively shape the performance o
The central bank's decision to raise the minimum capital for DMBs from GHS120mn to GHS400mn by the end of December 2018 is set to have significant positive impact on the banking sector and the economy in the medium to long-term. However, we expect a huge storm before the showers of blessings aris
Ghana's Finance Minister presented a GHS62.01 billion budget for 2018 that showed that GDP grew by 7.8% in the first half of 2017 and that the government is on course to meet its other macroeconomic targets for 2017. The macroeconomic targets Read More
1. THE ECONOMY
The recently released GDP data from the Ghana Statistical Service showed that the economy expanded by 9%, y/y basis in 2Q17, relative to 1.1% in the same period last year. The stronger growth outcome was largely driven by the industry sector followed by the service