Consumer confidence, business sentiments improve - BoG
Bank of Ghana confidence surveys conducted in February 2026 reflected positive consumer and business sentiments. According to the Central Bank, consumer confidence improved on account of easing inflationary pressures and optimism about future economic conditions. Similarly, business confidence strengthened on the back of realisation of operational targets and optimism about industry prospects amid improving macroeconomic conditions.
The Central Bank also stated that the Bank's high frequency real sector indicators pointed to a sustained pickup in economic activity. The real Composite Index of Economic Activity recorded an annual growth of 8.4% in January 2026 compared to 6.0% for the corresponding period of 2025. This improvement in economic activity was attributed to increased credit to the private sector by banks, industrial production, international trade activities, and consumption of goods and services by households and firms.
Provisional data released by the Ghana Statistical Service indicated that real Gross Domestic Product (GDP) grew by 6.0% in 2025, compared with 5.8% in 2024. Non-oil GDP growth accelerated to 7.6% from 6.1% over the same period, largely driven by the services and agriculture sectors.
Quick Summary
The Bank of Ghana has released findings from its February 2026 confidence surveys- reflecting shifts in sentiment. The surveys hint at underlying factors influencing both consumer and business outlooks- but what are they?
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