Industry in Ghana
Ghana - IndustryThe economy seems to have finished 2018 on a strong footing, following a robust third-quarter outturn, which came against the backdrop of surging mining and quarrying output. Easing inflationary pressures and the more stable cedi likely propped up household consumption growth in the fourth quarter. This was reflected by consumer sentiment rising in December. Furthermore, the average PMI improved slightly in Q4 from the previous quarter, on the back of healthy new orders growth pointing to sustained demand in the manufacturing sector. On the external front, metrics were less upbeat in Q4, as reflected by contracting merchandise exports. This came against the backdrop of cooling global growth and continued global trade war tensions.
Ghana - Industry Data
|Industrial Production (annual variation in %)||6.6||0.8||-0.3||-0.5||16.7|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||5.10||0.0 %||Feb 20|
|Stock Market||0.1||0.0 %||Feb 20|
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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.
January 28, 2019
At its three-day meeting concluding on 25 January, the Monetary Policy Committee (MPC) of the Bank of Ghana (BOG) cut its policy rate by 100 basis points to a five-year low of 16.00%.
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.