Pay close attention to monthly inflation, changes in T-bills, lending rates – PwC to CEOs, Boards

PwC is urging Chief Executive Officers and Boards, to pay close attention to the direction of monthly inflation as reported by the Ghana Statistical Service (GSS), especially food and imported components, the execution of the government’s capital expenditure programme in the second-half of the year as against first-half underspending, the changes in the Treasury bill and bank lending rates, and their pass-through effect, among others.

Higher-for-longer global rates would delay Ghana’s return to affordable international capital markets and increase the cost of trade finance and external corporate borrowing”.

The professional services firm said Ghana’s second-half year outlook is increasingly exposed to the global energy and geopolitical cycle.