IC Research

20 Sep

Inflation To Trend Downwards In Coming Months – IC Research

wontumionlineBusinessCEDI, CPI, Food inflation, IC Research, Inflation, Non-food inflation

Barring any unforeseen shocks, inflation will trend downwards in the coming months. According to IC Research, this is due to a stable exchange rate and the upcoming food harvest season. “We believe the resumption of artisanal fishing supported the supply of fish stock in August 2023 after the closed season ended on July 31, 2023. We also believe the soothing effects of an improved exchange rate combined with the onset of crops and fish harvest as well as the diminishing impact of recent taxes dragged down inflation in August 2023”, it stated in a report dubbed “Ghana’s August 2023 Inflation:…

30 Jun

We Maintain Ghana’s Real Growth Rate Forecast Of 1.9% – 2.9%; Manufacturing To Contract – IC Research

wontumionlineBusinessAgriculture, IC Research, Industry, Real growth rate, Services

IC Research, the research arm of investment bank, IC Securities has maintained its forecast of Ghana’s Gross Domestic Product (GDP) growth for 2023 in the range of 1.9% to 2.9%. It expects sustained momentum in the livestock and crops sub-sector to spur growth within the agriculture sector while ICT, transport & storage, and education will continue to support the services sector growth. On the downside, it pointed out that “we expect aggressive fiscal consolidation in the second-half of 2023 to weigh on the public sector drivers of growth while the price sensitive trades, hospitality and industry sector remain constrained by…