Domestic Macroeconomic Conditions Remain Stable And Broadly Positive -Asiama
Ghana’s domestic economic conditions remain stable and broadly positive, with inflation below the Bank of Ghana’s target band, economic growth strengthening and the country’s fiscal and debt positions showing improvement. Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, made the assessment in his opening remarks at the 132nd Monetary Policy Committee meeting held […] The post Domestic…
Ghana's domestic macroeconomic conditions remain stable and broadly positive, according to Dr Johnson Pandit Asiama, Governor of the Bank of Ghana. Inflation is below the Bank of Ghana's target band, economic growth is strengthening, and the country's fiscal and debt positions are showing improvement. The country's fiscal position is stronger than programmed, with the primary surplus above target, and public debt currently stands at 45% of GDP.
The banking sector is described as "sound, liquid and profitable." These developments come as Ghana enters a new phase of engagement with the International Monetary Fund, with the focus shifting from crisis stabilisation to the consolidation phase.
Brief written by urgent.news from The Chronicle Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
