The following panel of charts provide pictorial information on how the variables in the composite index of economic activity have been impacted by the COVID-19 pandemic shock and trends following the lifting of the partial restrictions.
Following a contraction in March, April and May, the real Composite Index of Economic Activity (CIEA) recorded an annual growth of 10.5 percent in September 2020, compared with 4.2 percent growth a year ago.
The main drivers of economic activity at this MPC round are construction, consumption, credit to the private sector and improvements in business and consumer confidence.
View charts below:
Source: Bank of Ghana
Via: norvanreports
