Dr. Ernest Addison , Governor, BoG
Trends in the Bank of Ghana’s high frequency real sector indicators point to a sustained pickup in economic activity.
The updated real Composite Index of Economic Activity (CIEA) recorded an annual growth of 1.6% in July 2024, compared to a contraction of 2.8% for the corresponding period of 2023.
Construction activities, consumption demand by households and firms, exports, imports, and tourist arrivals contributed to the improvement in economic activity during the period.
Meanwhile, its latest surveys conducted in August 2024 showed a rebound in both consumer and business confidence.
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