The Bank of Ghana’s updated Composite Index of Economic Activity (CIEA) recorded a strong growth outturn of 9.6% in October 2025, compared to 2.9% for the same period in 2024.
According to the Monetary Policy Committee (MPC) report, the Index continues to post strong gains. Industrial production, international trade activities, credit to the private sector, and consumption all contributed to the increase over the period.
The MPC noted that its latest confidence surveys, conducted in October 2025, reflected continued optimism regarding current and future economic conditions.
Additionally, Ghana’s Purchasing Managers’ Index improved due to new orders driven by the increased pace of economic activity.
“Taken together, these gains indicate that the negative output gap is closing,” the MPC stated.
The Central Bank concluded that if this momentum is maintained into December 2025, the Gross Domestic Product (GDP) growth outturn for the year will remain strong.
READ ALSO:
