GCB Capital

Inflation To Trend Downwards In Coming Months – Report
18 Jun

Inflation To Trend Downwards In Coming Months – Report

Wontumi1Business, ,
The disinflation trend is expected to continue but at a moderated pace despite the depreciation of the cedi and expected petroleum price hikes. According to GCB Capital, the near-term inflation profile now appears elevated, with the lagged impact of cedi depreciation, transport fare hike and the implementation of the second quarter 2024 utility tariff adjustment set to moderate the pace of disinflation in the second half of the year. It pointed out that the continuous disinflation will be driven largely by favourable base drift, which should sustain the decline in year-on-year inflation. “We expect the imminent main crop harvest season…
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GCB Capital Predicts Inflation Decline In April 2024
12 Apr

GCB Capital Predicts Inflation Decline In April 2024

Wontumi2Business
According to GCB Capital, inflation is poised to resume its downward trend in April 2024 following a notable increase in March, marking the highest level in four months. The research arm of the investment bank projects a 1.0% decrease in headline inflation for April 2024, although it is anticipated to remain above the February 2024 figure. While GCB Capital expects favorable base effects, it also highlights fiscal risks and potential speculative foreign exchange pressures as factors that could moderate the pace of disinflation in the second quarter of 2024. Despite these risks, a sharp decline in food inflation is expected…
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Policy Rate To Be Maintained At 30% – GCB Capital
20 Sep

Policy Rate To Be Maintained At 30% – GCB Capital

Wontumi1Business, ,
Ahead of the announcement of a policy rate on Monday September 25, 2023, GCB Capital expects the Monetary Policy Committee [MPC] of the Bank of Ghana to maintain the policy rate at 30% for the rest 2023. It however believes the policy stance will subside in first quarter of 2024 once inflation eases sufficiently. In its weekly report, it said inflation will decline in quarter 2023. “Separately, the CPI [Consumer Price Index] data published last week shows headline inflation eased by 3% in August 2023 ahead of the MPC meeting starting at midweek. Despite the simmering upside risks from petroleum…
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