Unemployment in Ghana
Ghana - UnemploymentEconomic activity seems to have eased in the second quarter, after the industrial sector powered a solid expansion in the first quarter. Lackluster agricultural output likely weighed on growth in Q2, as a crop disease dampened cocoa yields in the harvest season ending in May. In addition, the average PMI for Q2 dropped slightly from Q1’s average amid softer private sector activity, while merchandise exports languished in April on a fall in oil shipments. Nevertheless, the PMI recovered in July on rising output and new orders, which, coupled with upbeat business sentiment, bodes well for business dynamics in Q3. Meanwhile, in early August the government announced higher farmgate prices for the 2019–2020 cocoa harvest, the first increase in four years. The decision followed the June–July implementation of a price floor for cocoa set by Cote d’Ivoire and Ghana, the world’s largest producers.
Ghana - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||5.40||0.0 %||Jul 31|
|Stock Market||0.1||0.0 %||Jul 30|
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August 15, 2019
Consumer prices rose 0.6% over the previous month in July, down from the 0.8% month-on-month increase in June.
August 5, 2019
The Ghana Purchasing Managers’ Index (PMI) rose to 51.2 points in July from 50.5 points in June, which had marked the weakest reading since November 2018.
July 19, 2019
On 19 July, the Monetary Policy Committee (MPC) of the Bank of Ghana (BOG) kept its key policy rate unchanged at a five-year low of 16.00%.
July 11, 2019
Consumer prices rose 0.8% over the previous month in June, edging down from the 0.9% month-on-month increase in May.
July 3, 2019
The Ghana Purchasing Managers’ Index (PMI) ticked down to 50.5 points in June from 50.6 in May, the weakest reading since November 2018.