Economic Activity Expands as CIEA Hits 8.4%; Business and Consumer Confidence Improve
Governor of the Central Bank, Dr Johnson Asiama, has indicated that Ghana’s economic activity is showing signs of sustained recovery, supported by improvements in key real sector indicators.
Speaking at the 129th Monetary Policy Committee (MPC) press briefing, Dr Asiama noted that the Bank’s real Composite Index of Economic Activity (CIEA) recorded an annual growth of 8.4 percent in January 2026, up from 6.0 percent during the same period in 2025.
He attributed the improved economic performance to increased credit to the private sector by banks, higher industrial output, stronger international trade activity, and rising consumption of goods and services by both households and firms.
“The Bank’s high frequency real sector indicators pointed to a sustained pickup in economic activity,” he stated.
Dr Asiama further disclosed that the Bank’s confidence surveys conducted in February 2026 showed improved sentiment among both consumers and businesses.
According to him, consumer confidence strengthened on the back of easing inflationary pressures and growing optimism about future economic conditions.
Business confidence also improved, driven by the achievement of operational targets and positive expectations about industry prospects amid improving macroeconomic conditions.
The Governor’s remarks signal growing momentum in Ghana’s economic recovery, supported by stabilising macroeconomic fundamentals and renewed private sector activity.
