Macro-Watch would keep you updated with macroeconomic developments.
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 ex
Ghana's central bank met last Friday to review recent developments in the Ghanaian economy in a bid to appropriately position the benchmark policy rate going forward. The key macroeconomic indicators (inflation and economic activity) that are Read More
Macroeconomic Update
The nexus among economic fundamentals in Q2 2017 has been more harmonious relative to Q1 2017. In an undulating fashion, inflation climbed from 12.8% to 13% in April, only to retreat to a peg of 12.1% in June 2017. T Read More
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) met last Friday to review developments in the Ghanaian economy to enable them appropriately position the benchmark policy rate going forward. The key macroeconomic indicators (infl
Economic fundamentals have been a mixed bag in Q1 2017 owing to the mixed performance of various variables under consideration. Inflation has steadily and consistently fallen from a high of 17.1% in September 2016 to a current low of 12.8%. The downtrend in i Read More
The decision by the rate setting committee of the Bank of Ghana to reduce the country's Monetary Policy Rate (MPR) by 200bps to 23.5% should set-in a policy easing cycle for the Ghanaian economy. This rate cut occurred after the authorities kept the MPR steady since November 2016, and CPI inflati
The local currency has recovered significantly in line with our expectations (reference our previous reports) in the past 2 weeks as multiple factors converge to boost its value. The cedi has recovered significantly against several currencies
There are always questions about macroeconomic stability for any new government coming into power especially from the business community who wants to know whether the new government has the capacity to either sustain or restore macroeconomic stability. And in the case of Ghana, we have seen recen
The year 2016 was a challenging year for key assets of the Ghanaian financial markets including stocks and the local currency, Ghana Cedi. However, we saw a bullish bond market on the back of Ghana's improving macro narrative, which was inspired by the ongoing implementation of a 3-year IMF fisca
Doobia takes a look at the central bank's latest survey of average deposit and lending rates charged by Ghanaian commercial banks to provide insight on the risk profiling of various sectors by Ghanaian banks and to also rank individual banks based on the lending rates they charge for various cred