Industry in Ghana

Ghana Industry | Economic News & Forecasts

Ghana - Industry

Incoming 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 - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)6.6  0.8  -0.3  -0.5  16.7  

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Ghana Facts

ValueChangeDate
Exchange Rate4.890.0 %Dec 14
Stock Market0.10.0 %Dec 13

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