Statistics & Publication
Nine Month Economic Review - 2005 (Provisional)
Friday, 30 September 2005 12:16
The Ghanaian economy has shown significant resilience over the first three quarters of 2005 in spite of record high crude oil prices on the international markets. At the end of September gross international reserves were enough to provide 3 months of import cover and expected to reach US$2.0 billion (4 months) by the end of the year. Indicators of economic activity through to August suggest robust developments in output. The headline rate of inflation inched up in September after a five-month decline, notwithstanding this development, consumer price inflation is projected to stay within the targeted range for the year.

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