The Financial institution’s newest confidence surveys in October 2024 mirrored a continued restoration in sentiment.
Whereas shopper confidence was unchanged, enterprise confidence improved as firms met their short-term targets and expressed optimism about firm and trade prospects.
The findings of the survey had been largely in keeping with developments noticed in Ghana’s Buying Managers’ Index (PMI), which additionally indicated an enhancement in enterprise situations.
The PMI rose to 50.6 in October 2024, from 49.1 in September.
In the meantime, high-frequency indicators within the home economic system level to continue enhancements in financial exercise.
Within the third quarter, the central financial institution’s high-frequency actual sector indicators pointed to a sustained enhancement in financial exercise.
The up-to-date actual Composite Index of Financial Exercise (CIEA) recorded annual progress of two.2% in September 2024, in comparison with a contraction of 0.4% within the corresponding interval of 2023.
The main drivers of the advance in financial exercise embrace elevated port exercise, family and agency consumption of products and companies, development exercise, credit score to the non-public sector, and better vacationer arrivals.
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