BoG’s confidence index reflects improved business sentiments

Governor of BoG, Dr. Johnson Asiama

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The Bank of Ghana says its high frequency indicators continue to point to sustained momentum in economic activity.

According to the Central Bank, the Composite Index of Economic Activity (CIEA) recorded an annual growth of 6.1% in July 2025 compared to 1.9% in July 2024, on the back of international trade activities, consumption, and industrial production.

In its Monetary Policy Report, the Governor of the Bank of Ghana, Dr. Johnson Asiama, said the Central Bank’s latest confidence surveys conducted in August 2025 also reflected sustained improvement in sentiments.

Similarly, consumer confidence remained strong, despite some softening of the index, while business confidence further picked up as firms met their short-term targets and expressed optimism about company and industry prospects.

Again, Ghana’s Purchasing Managers’ Index (PMI) went up in August 2025. This signaled increase in new orders as business conditions improved.

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