Ghana’s real household spending will grow by an improved 2.5% year-on-year to GH¢129.7 billion in 2025, Fitch Solutions has disclosed. This follows a weaker growth of 1.1% a year ago. According to the UK-based firm, this will be 25.4% above the GH¢103.4 billion recorded in 2019 (pre-pandemic). The major driversContinue Reading
Professional services firm, Deloitte, has indicated that the Monetary Policy Committee (MPC) of the Bank of Ghana is likely to maintain the status quo on its policy rate to tame inflation risks amid Ghana cedi gains and uncertainties. The MPC kept the policy rate at 28% in May 2025, citingContinue Reading
The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 28%. This is a cautious stance amid lingering inflationary pressures despite recent improvements in currency stability and macroeconomic indicators. The decision was announced on Friday, May 23, 2025 at the conclusion of the Bank’s Monetary Policy CommitteeContinue Reading
Finance Minister Dr. Cassiel Ato Forson has called on his staff to provide their collective support in steering Ghana towards economic stability. Ghanaian-themed art He made the appeal during an inaugural meeting with the top management of the Ministry of Finance on Thursday, January 23, 2024, following his approval byContinue Reading
Inflation for December 2024 went up marginally to 23.8 percent from the November 2024 figure of 23 percent. This is higher than the revised 20 percent end-of-year target set by the Bank of Ghana. The marginal increase in the December inflation was influenced by rising prices of some foodstuffs onContinue Reading
The Bank of Ghana is likely to trigger the Monetary Policy Consultation Clause (MPCC) if the country misses the central target of 18.0%+/-2. Inflation reached 23% in November 2024 and may go up marginally in December 2024. According to the Monetary Policy Consultation Clause (MPCC) for Ghana’s ongoing International MonetaryContinue Reading
Ghana will return to single digit inflation in the first quarter of 2026. According to IC Research, it shifted forward its forecast to quarter one 2026, on the back of the sluggish disinflation and earlier forex pressure. “We also flag the renewed external policy uncertainty as a risk to exchangeContinue Reading
Inflation is expected to end 2025 within the range of 10% to 12%. According to Databank Research, this will potentially prompt the Monetary Policy Committee (MPC) of the Bank of Ghana to adopt a cautious approach to policy easing. Professional services firm, Deloitte had already predicted an average inflation ofContinue Reading
Professional services firm, Deloitte, is predicting a persistence reduction in interest rates in 2025 on the back of a sustained disinflationary trend. It is thus forecasting an end-year policy rate of 22.5% in 2025. This will come as a huge relief for households and businesses as cost of borrowing willContinue Reading
African banks will remain exposed to domestic and global operating environment risks in 2025, Fitch Ratings has disclosed. It pointed out in its African Banks Outlook 2025 report that while most countries are showing a good degree of resilience, a fall in commodity prices cannot be ruled out. It addedContinue Reading