News
07/14/2025
Amenfi West MP Highlights Sustained Economic Growth in Ghana The Member of Parliament for Amenfi West and Chairman o...
Amenfi West MP Highlights Sustained Economic Growth in Ghana The Member of Parliament for Amenfi West and Chairman of the Economy Committee, Hon. Dr Eric Afful, has reported on the floor of Parliament that, key economic indicators point to a sustained pickup in economic activities. According to Hon. Afful, the updated composite index of economic activities increased by 2.3% year-on-year in March 2025, compared to 1.0% over the same period in 2024. He noted that the Purchasing Managers' Index (PMI) rose above the 50 benchmark, signaling improved growth prospects. The Bank of Ghana's Monetary Policy Committee's 24th report indicates significant improvement in business and consumer confidence, the highest in the last seven years. Hon. Afful highlighted that headline inflation has declined consecutively within the year, dropping to 18.3% in May 2025, resulting in reduced prices of goods and services. Additionally, the primary fiscal balance on commitment basis improved significantly