Audio By Carbonatix
The latest confidence surveys by the Bank of Ghana conducted in December 2024 showed an improvement in both consumer and business confidence.
According to the Central Bank, consumer confidence improved largely on account of optimism about future economic conditions.
Similarly, business confidence also picked up as firms met their short-term targets and expressed positive sentiments about company and industry prospects in line with improving macroeconomic conditions.
Ghana’s Purchasing Managers’ Index (PMI), however, declined to 49.4 in December 2024 from 52.5 in the previous month largely due to a slowdown in firms’ operations during the election period.
Meanwhile, in the fourth quarter of 2024, the Bank of Ghana’s Composite Index of Economic Activity (CIEA) indicated that growth will remain strong.
This will be driven in large parts by international trade activities, increased credit to the private sector by banks, construction activities, and tourist-related spending
Latest Stories
-
Public Services Workers’ Union rejects selective 35% lab allowance, warns of unrest
44 seconds -
The State vs Ken Ofori-Atta & 7 others: Case adjourned again
3 minutes -
GEXIM@10: Stakeholders examine prospects and constraints in garment industry
9 minutes -
NDC, now telling its own story—Madhi Jibril
11 minutes -
Ghana and Africa show early signs of progress against air pollution, but risks remain
15 minutes -
Police deploy reinforcements to Nkwanta following renewed violence
20 minutes -
Ga Traditional Council bans noisemaking ahead of Homowo festival
27 minutes -
Minority raises conflict of interest concerns over Ibrahim Mahama’s Damang mine bid
29 minutes -
GEXIM@10: Exim Bank signs MoU with five Ghanaian firms
37 minutes -
Touch A Life Foundation marks 10 years with donation to Northern Regional Hospital
40 minutes -
Manhyia South MP urges leaders to turn UN slave trade resolution into development action
49 minutes -
Value for money bill unnecessary — Kobina Ata-Bedu urges enforcement of existing laws
58 minutes -
British Council joins UNESCO Global Education Coalition and International Task Force on Teachers for Education 2030
1 hour -
10,000 low-income households in Wa to benefit from subsidised water connections on World Water Day
1 hour -
Accra Brewery PLC celebrates World Recycling and Water Day through “Cheers to Nature”
1 hour