Ic-research

BoG to cut policy rate further despite geopolitical risks

Inflation to go up in March 2026 – Report

Ghana’s economy estimated to have expanded by 5.7% in 2025 – Report

Government to record revenue of GH¢225.9bn in 2025

Medium-term outlook of cedi hinges on continued reserves accumulation, post-IMF fiscal discipline – report

2026 Budget to stay within 1.5% primary surplus of GDP

IMF Board approval for 5th review of Ghana’s programme to be secured in December 2025

BoG to cut policy rate further to 19%

Electricity tariff hike will not impact inflation, but some businesses to see increase in operational expenditure – Report

MPC to cut policy rate to 22% in September 2025 meeting; disinflation to continue

BoG’s policy rate to go down further in September 2025 – Report

BoG scales back size, frequency of dollar intervention

Ghana’s fiscal deficit to end 2025 at 3.9% of GDP

Government to achieve better outcomes for all its macro targets in 2025 – Report

BoG to cut policy rate by 300 basis points to 25% – IC Research

BoG likely to trigger MPCC if inflation falls outside central target of 18.0%+/-2 – Report

Ghana to return to single digit inflation in quarter one 2026

Revenue growth to slowdown to GH¢209.3bn in 2025; T-bills will not be restructured – IC Research

Inflation to ease to 19% in September 2024

Policy rate to go down between 1.0% and 1.5% – Report

Inflation to end year at 19.3%–21.3% – Report

Ghana’s economy to expand by 3.4% in 2024 – IC Africa

Cash Waterfall Mechanism report shows significant non-compliance with formula for revenue allocation – Report

Economy to rebound in 2024, manufacturing sector to recover strongly – Report

Inflation to inch up to 23.9% in February 2024 – Report

IMF expects revenue to underperform target; expenditure to overshoot target

Inflation to fall to 22.4% in January 2024 – Report

Ghana’s inflation on course to outperform IMF’s target for end-2023 – Report

Election-related uncertainties to cloud macroeconomic gains – Report

Inflation to end 2023 at 27.3%

Inflation to fall below 29% in November 2023 – Report

Inflation to trend downwards in coming months – IC Research

Multilateral debts, others pose downside risk to Ghana’s foreign exchange reserves – Report

We maintain Ghana’s real growth rate forecast of 1.9% – 2.9%; manufacturing to contract – IC Research

Upward inflation to linger over next 2 months – Report

Banking sector faces rising risk to asset quality, capital buffers – Report

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