The Bank of Ghana's Composite Index Economic Activity (CIEA) has recorded a year-on-year growth of 4.4% in May 2025, up from the 3.4% it recorded in 2024.

This is according to the Governor of the Central Bank, Dr Johnson Asiama.

Speaking at the bank's 125th Monetary Policy Committee press briefing on July, 30, 2025, Dr Asiama said Ghana’s real sector continues to show signs of sustained recovery supported by robust performances in key sectors of the economy.

“Beyond the first quarter, the Bank’s high-frequency real sector indicators pointed to a sustained pickup in economic activity attributing the growth to increased international trade, higher consumption levels, recovery in the construction sector, and rising tourist arrivals," he stated.

He also highlighted improvements in sentiment among businesses and consumers, citing results from recent BoG confidence surveys.

He said, “The latest business and consumer confidence surveys reflected improved sentiments on the back of easing inflationary pressures and strong optimism about economic conditions.”

The BoG’s outlook suggests that the economy is gradually gaining traction, buoyed by declining inflation and improving macroeconomic stability, following recent policy interventions.

Meanwhile, the Bank of Ghana has slashed its benchmark policy rate by 300 basis points to 25% down from the previous rate of 28%.



SP/MA

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