Fiscal Balance in Ghana
Ghana - Fiscal BalanceThe economy appears to have ended last year on a healthy note against the backdrop of upbeat domestic demand. Moderating inflation likely propelled consumer demand, propping up household consumption growth in Q4. Merchandise exports, however, contracted in November, mostly reflecting slowing global growth and sustained trade tensions. Looking ahead, the momentum seems to have largely carried over into Q1 2019. The PMI remained in positive territory in February, signaling a sustained improvement in Ghana’s private sector amid upbeat consumer demand, which seemingly benefited from the policy rate cut at the end of January. Meanwhile, the country is set to exit the IMF’s USD 1.0 billion extended credit facility on 3 April, which will test the government’s financial discipline and appetite for further reforms.
Ghana - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-11.1||-10.1||-6.9||-8.7||-5.9|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||5.24||0.0 %||Mar 20|
|Stock Market||0.1||0.0 %||Mar 20|
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March 18, 2019
The Ghanaian cedi plunged after the Bank of Ghana (BOG) unexpectedly slashed its key policy rate by 100 basis points on 28 January to a five-year low of 16.00% and signaled that further policy easing may be underway.
March 14, 2019
Consumer prices rose 1.0% in monthly terms in February, unchanged from January’s reading.
March 5, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) ticked down from 51.6 points in January to 51.3 February.
February 13, 2019
Consumer prices rose 1.0% in monthly terms in January, up slightly from December’s 1.1% increase.
February 5, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) fell from a six-month high of 52.3 points in December to 51.6 in January.