Economic activity

Economic Activity To Remain Subdued Despite Q1 2023 Growth – GCB Capital
27 Jul

Economic Activity To Remain Subdued Despite Q1 2023 Growth – GCB Capital

wontumionlineBusiness
Economic activity is expected to remain lack-lustre for the rest of the year despite an impressive 4.2 percent real gross domestic product (GDP) growth recorded in the first quarter of 2023, analysts at GCB Capital Research have predicted. Several key factors, including the composite index of economic activity which has been on a contracting trend for the past seven months are contributing to this subdued outlook, it said. This continued downturn points to a potential slowdown in economic momentum, posing challenges to sustained growth. Consumer and business confidence surveys also paint a mixed picture, reflecting the prevailing uncertain macroeconomic climate.…
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31 Jan

Economic Activity Moderates; But Business, Consumer Confidence Improves – BoG Governor

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Economic activity moderated in the fourth quarter of 2022, the Bank of Ghana’s high frequency indicators has disclosed. The updated Composite Index of Economic Activity (CIEA) contracted by 6.2% in November 2022, compared with a growth of 10.2% in the same period of 2021. According to the Central Bank, the major items that weighed down the Index during the period were port activity, cement sales, imports, and industrial consumption of electricity. Meanwhile, latest confidence surveys conducted by the Central Bank in December 2022 pointed to some marginal improvement in sentiments. Consumer confidence improved on the back of the recent reductions…
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