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Ghana's year-on-year inflation rate rose marginally to 23.5% in January 2024 as compared to the 23.2% reported in December 2023. A 1.8pps uptick in non-food inflation to 20.5% is responsible for this rise.
Ivory Coast's triumphant $2.6B bond success speaks volumes for West African finance globally. A bold step towards economic growth and stability. ππΌ #Debtissuance#SarpongCapital
3/3 Our report, Ghana: The 2023 Journey So Far, encapsulates the Countryβs current economic pulse and highlights key expectations for the rest of the year.
https://t.co/em9nDPMNMJ
1/3 Following recent coupon payments made by Ghana as scheduled, on Phase 1 restructured domestic bonds, cautious optimism has echoed through the market. This promising step underscores the Government's commitment to meeting fiscal responsibility milestones.
2/3 However, true rekindling of market confidence rests on the Government's prowess in steering the Country's financial trajectory, with consistent tangible outcomes.
Food scarcity and shortages have highlighted the need for an increase in productivity from smallholder farmers.
This program is aimed toward climate resilient agric and resource management. 1/2
What do the Bank of Ghanaβs MPC decision and recent IMF Country Report mean for Ghana?
Our CEO Kofi Koduah-Sarpong shared his thoughts yesterday with CNBC Africa.
#Ghana#MPC#IMF#CNBCAfrica
https://t.co/pDEvWDX78m
Compared to 2021, 2022 ended with much uncertainty for the Ghanaian economy. Four months on, things appear clearer but not necessarily encouraging for the near term. The Ghanaian outlook is similar to the global macroeconomic perspective as countries struggle to rebalance 1/4
inwards to boost economic growth and manage inflationary pressures in 2023. We expect this theme to drive policy decisions and investment direction for better real sector output, barring no further significant global macroeconomic shocks. 3/4
We wish the Muslim communities worldwide a blessed and joyful Eid al-Fitr. May this special occasion bring happiness, prosperity, and peace to you all. #EidMubarak#Eid-al-Fitr #SarpongCapital
Can Ghana sustain the growth momentum? @SarpongCapital's Yomi Akinola talks economic growth and #outlook for #Ghana in 2023 with @cnbcafrica.
Watch now: https://t.co/SPbDeEGVSA