Macro-Watch would keep you updated with macroeconomic developments.
The IMF has expressed cautious optimism over Ghana's execution of an extended credit facility (ECF), with fiscal indicators showing signs of improvement, but has warned that some inflationary concerns remain.
According to its most recent report, published in October, the three-year, $918m E Read More
The Ghanaian economy is closing 2016 with improved economic statistics compared to 2015. Our expectations for the end of the year include: real GDP growth - 4-4.5% (2015: 3.9%), inflation rate (CPI) - 15.5-16.5% (2015: 17.7%), USD/GHS YTD depr
New data released by the IMF indicates that Ghana's GDP growth is expected to drop to a 26-year low of 3.3% in 2016 from 3.9% in 2015. The new estimated GDP growth of 3.3% in 2016 is significantly below the IMF's initial GDP growth estimate of 4.5% and the Ghanaian government's projected growth o
Ghana's Monetary Policy Committee (MPC) left its policy rate unchanged at 26% on September 19, 2016 mainly in response to the country's still uncertain inflation outlook and mixed business sentiments; but this decision will also influence capital market flows in an election year, which is critica
The Ghanaian cedi has held up against the US Dollar in the first half of 2016 - with the local currency depreciating by 3.34% as at June 30, 2016 compared to 26.2% for the same period in 2015. While this shows a strong improvement compared to last year, getting the market comfortable will require
Investor confidence in the Ghanaian stock market remained weak in the first half of 2016 as the benchmark GSE Composite Index fell by 10.4% on weak 2015 earnings figures and concerns about macroeconomic stability ahead of the November presidential and parliamentary elections in Ghana. Although th
Real interest rates have been shrinking in Ghana in the last two years on the back of elevated inflation arising from higher pump fuel pric Read More
GDP growth is expected to improve from 3.5% in 2015 to 4.5% in 2016 on the back of expanding oil and gas production, better energy supply, robust private consumption and fixed investment. Ghana's TEN field is expected to start producing oil in the third quarter of
2015 was a challenging year for the Ghanaian stock market, which dropped by 11.8%y/y compared to a positive return of 5.4%y/y in 2014. Sustained macroeconomic instability coupled with ongoing energy crisis created negative investor expectations that weakened confidence in the stock market, even i