Fiscal Balance in Ghana
Ghana - Fiscal BalanceIncoming data suggests that growth lost some steam in the second half of this year following a healthy expansion in the first half. PMI fell into negative territory in September, signaling a deterioration in business conditions. The index bounced back into positive territory in October and November, although remained subdued as new business growth remained weak. In addition, survey-based data points to rapidly deteriorating sentiment in the Ghanaian private sector: Both consumer and business confidence weakened further in October against the backdrop of a depreciating cedi, likely weighing on private consumption and investment activity. In more positive news, metrics were more upbeat in the external arena. Despite softer demand for gold and cocoa, exports continued to grow at a healthy rate in October, propped up by surging oil exports.
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||4.91||0.0 %||Jan 16|
|Stock Market||0.1||0.0 %||Jan 15|
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January 9, 2019
Consumer prices rose 1.1% in monthly terms in December, up slightly from November’s 0.7% uptick.
January 4, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) rose from 50.5 points in November to a six-month high of 52.3 points in December.
December 19, 2018
According to provisional data released by Ghana’s Statistical Service, the economy expanded 7.4% in annual terms in the third quarter, a one-year high and up markedly from the 5.4% growth logged in the second quarter.
December 12, 2018
Consumer prices rose 0.7% in November, unchanged from the previous month’s print.
December 5, 2018
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) rose from 50.2 points in October to 50.5 points in November.