The latest confidence surveys conducted in December 2024 showed an improvement in both consumer and business confidence, Governor of the Bank of Ghana, Dr Ernest Addison has said.
He stated that consumer confidence improved largely on account of optimism about future economic conditions.
Addressing the 122nd Monetary Policy Committee (MPC) press conference in Accra on Monday Janury 27, he said "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." In the area of private sector credit, he said the growth continued to increase towards pre-2022 macroeconomic crisis levels, albeit slowly.
