International Reserves in Ghana
Ghana - International ReservesGrowth appears to have strengthened in the third quarter, after decelerating in the second quarter. The PMI averaged higher from Q2, on the back of sustained production growth and a robust rate of job creation, suggesting business activity strengthened in the quarter. Moreover, merchandise exports growth accelerated in July–August, which should have supported the external sector in Q3. Turning to the fourth quarter, the PMI fell to an over one-year low in October, largely due to heavy rainfall, hinting at waning business activity. Meanwhile, on 6 November, the government announced plans to review its regulation for oil and gas licenses in an attempt to kick-start production. The proposed revisions will enable firms to drill elsewhere in the same area without having to acquire a new license, which should facilitate investment in the sector.
Ghana - International Reserves Data
|International Reserves (USD)||5.4||5.5||5.6||5.8||6.9|
5 years of economic forecasts for more than 30 economic indicators.
Ghana International Reserves Chart
Source: Bank of Ghana
|Exchange Rate||5.48||0.0 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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November 13, 2019
Consumer prices rose 0.4% in October, contrasting September’s 0.1% dip according to Ghana’s Statistical Institute (GSS).
November 5, 2019
The Ghana Purchasing Managers’ Index (PMI) fell to 50.1 in October from 51.4 in September.
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.