Economic Activity Maintains Momentum as CIEA Expands by 6.1% in July
The Bank of Ghana’s latest high-frequency indicators show sustained momentum in economic activity, supported by improvements in trade, consumption, and industrial production.
According to the Governor of the Central Bank, Dr Johnson Asiama, the Composite Index of Economic Activity (CIEA) grew by 6.1% in July 2025, compared with 1.9% recorded in the same period last year.
The Central Bank attributes the stronger performance to rising international trade activities, robust domestic consumption, and higher industrial output.
Confidence surveys conducted in August 2025 also reflected continued optimism in the economy. While consumer confidence remained strong despite some softening of the index, business confidence improved further as firms met short-term targets and expressed optimism about industry prospects.
Similarly, Ghana’s Purchasing Managers’ Index (PMI) strengthened in August, indicating an increase in new orders and improved business conditions.
