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Analysis by Region - Emerging Markets - Ghana

Publisher Oxford Economics
Published Sep 09, 2025
Length 7 Pages
SKU # OFE20418421

Description

Ghana’s disinflationary momentum has strengthened, prompting us to lower our CPI inflation forecasts to 15.1% for 2025 and 8.2% for next year. This backdrop supports faster monetary easing, with a projected 200-bps cut in September and a further 100-bps reduction in December. These forecasts, however, hinge on sustained currency stability, as renewed cedi weakness could quickly reignite price pressures.

Table of Contents

7 Pages
Ghana: Another sharp rate cut expected this month
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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