Unemployment in Ghana
Ghana - UnemploymentThe economy ended 2018 on a softer note, with growth decelerating in Q4 on the heels of an impressive Q3 outturn. Despite the deceleration, which was chiefly driven by a downturn in the oil and gas sector, the overall expansion remained sturdy, thanks to robust non-oil sector activity growth. Turning to 2019, momentum seemingly weakened again in the first quarter. The cedi’s sharp dive against the U.S. dollar, coupled with still-high inflation, likely weighed on private consumption growth in Q1. Significant volatility in the foreign exchange markets, particularly from mid-February onwards, also likely weighed on investment activity in the quarter. On the external front, metrics were also rather bleak: Merchandise exports contracted on an annual basis in Q1, amid lower shipments of cocoa and stagnant gold exports. A slump in imports, reflecting softer consumer demand, shielded the sector from a more significant downturn.
Ghana - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||5.23||0.0 %||May 13|
|Stock Market||0.1||0.0 %||May 13|
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May 16, 2019
Consumer prices rose 1.1% over the previous month in April, following a 1.2% month-on-month increase in March.
May 6, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) ticked down from 51.5 points in March to 51.2 in April.
April 18, 2019
The economy logged a robust performance in the final quarter of 2018, although the pace of expansion moderated somewhat.
April 15, 2019
Consumer prices rose 1.2% over the previous month in March, following a 1.0% month-on-month increase in February.
April 15, 2019
The Ghanaian cedi bounced back at the outset of the second quarter, after depreciating sharply in Q1.