Fiscal Balance in Ghana
Ghana - Fiscal BalanceA preliminary estimate revealed that economic activity decelerated more than expected in the second quarter. Notably, the industrial sector expanded at the slowest pace in three years amid contracting construction activity and weaker oil output, while easing activity in the services sector further weighed on the overall expansion. Turning to the third quarter, growth is likely to have picked up. Business activity likely gained traction as the manufacturing PMI averaged slightly higher in Q3 than in Q2, propped up by sustained output growth and a solid pace of job creation. In addition, faster merchandise exports growth in July–August, coupled with falling merchandise imports in the same period, hint that the external sector strengthened in Q3. Meanwhile, a 8.4% hike in cocoa farmgate prices announced in early October should further support economic activity in the fourth quarter.
Ghana - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.8||-7.4||-5.3||-6.9||-5.0|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||5.48||0.0 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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October 16, 2019
Inflation edged down to 7.6% in September from 7.8% in August following a modification to the consumer price index base year from 2012 to 2018.
October 3, 2019
The Ghana Purchasing Managers’ Index (PMI) ticked up to 51.4 from August’s 50.7.
September 20, 2019
On 20 September, the Monetary Policy Committee (MPC) of the Bank of Ghana (BOG) announced it had decided to hold its key policy rate at 16.00% for the fourth consecutive session.
September 18, 2019
The economy expanded 5.7% year-on-year in the second quarter, down from the previous quarter’s 6.7% increase, according to a preliminary estimate released by Ghana’s Statistical Institute.
September 18, 2019
Inflation fell to 7.8% in August, from 9.4% in July, following a change to the consumer price index base year from 2012 to 2018.