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    Home»Business»Consumer, business confidence shows significant improvement, highest in 7 years – BoG
    Business

    Consumer, business confidence shows significant improvement, highest in 7 years – BoG

    ZamZam UpdateBy ZamZam UpdateMay 24, 2025No Comments2 Mins Read
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    Governor of Financial institution of Ghana, Dr. Johnson Asiama

    Primarily based on easing inflationary pressures and optimism about macroeconomic situations, the most recent confidence surveys by the Financial institution of Ghana confirmed vital enchancment in shopper and enterprise indices, the very best within the final seven years.

    On the home entrance, the Central Financial institution’s excessive frequency actual sector indicators additionally pointed to a sustained pickup in financial exercise.

    It talked about that its up to date Composite Index of Financial Exercise (CIEA) elevated by 2.3% year-on-year in March 2025, in contrast with 1.0% over the identical interval final yr.

    This was primarily pushed by exports, credit score to the non-public sector, and development actions.

    As well as, the Ghana Buying Managers’ Index rose above the 50-benchmark as output and new orders elevated, signaling improved progress prospect.

    In the meantime, international financial developments within the first 4 months of the yr had been characterised by low progress prospects, unsynchronised disinflation outcomes, and restrictive international monetary situations.

    This was pushed largely by vital headwinds related to the commerce coverage shifts in america.

    The potential spillover results of the imposition of the commerce tariffs by america and counter-tariff measures even have heightened coverage uncertainty, weakened investor sentiments, and lowered international progress prospects.

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