The Monetary Policy Committee of the Bank of Ghana, has revealed that its latest survey showed business sentiments have softened, while consumer confidence, though up, remained subdued.
“Provisional updates of the Bank’s real Composite Index of Economic Activity for June 2015 indicated a slower pace of growth compared with the same period in 2014”, Governor of the BoG , Dr. Kofi Wampah said.
He stated that Ghana’s growth conditions was affected adversely due to challenges in the energy sector, ongoing fiscal consolidation, as well as bearish external conditions.
He, however, assured that growth will rebound in the medium term as the economy rebalances, supported by increased production of oil and gas.
