Tag: courage kingsley martey
Ghana’s external accounts have exhibited immunity to the COVID-19 pandemic strains, but its domestic conditions have weakened. That’s according to Databank Group. This comes as the Bank of Ghana disclosed that it’s Composite Index of Economic Activity contracted by 10.6 per cent in May. The Index had fallen to a negative growth of 2.2 per cent in March for the first time since 2016. Joining CNBC Africa explore the peculiarities of Ghana’s macro-economy as it moves to cushion the impact of the COVID-19 is Courage Kingsley Martey, Senior Economist at DataBank Group.
Ghana’s headline inflation rose to 11.3 per cent in May, straying further away from the country’s inflation target band of 8.0 per cent plus or minus two. This comes as the World Bank says that Ghana’s economic growth is expected to slow down to 1.5 per cent this year as agriculture commodity exporters like Ghana have suffered from collapse in export demand as well as disruptions to supply chains. Courage Kingsley Martey, Senior Economist at Databank Group joins CNBC Africa for more.
Fiscal performance in Ghana will guide the demand and pricing conditions in the country’s fixed income market for the first quarter of the year. That’s according to Databank. Meanwhile, the Government of Ghana is scheduled to hold its next debt Issuance on the 20th of this month. Joining CNBC Africa for a focus on the country’s fixed income and forex market is Courage Kingsley Martey, Senior Economist at Databank.