The Bank of Ghana’s latest surveys show a sharp rise in consumer and business confidence. These confidence levels reached their highest point in seven years. This increase comes as inflation eases and optimism about the economy grows.

The Central Bank’s economic data also point to steady growth. Its Composite Index of Economic Activity (CIEA) rose by 2.3% year-on-year in March 2025. This growth was stronger than the 1.0% recorded in March 2024.

Exports, private sector credit, and construction drove this growth.

The Ghana Purchasing Managers’ Index (PMI) also climbed above 50. This indicates expansion, with higher output and new orders suggesting better growth prospects.

Globally, economic conditions in early 2025 remained weak. Growth forecasts are low, and inflation trends vary across countries. Financial markets continue to face restrictions.

The Bank of Ghana warned that recent US trade tariffs and retaliatory measures increased policy uncertainty. These actions have hurt investor confidence and dampened global growth expectations.