The Bank of Ghana’s January Monetary Policy Report indicates that consumer and business confidence in Ghana remained strong in December 2025 compared with October of the same year.

The report shows the consumer confidence index rising to 116.4 in December, up from 115.3 in October, while business confidence improved from 106.5 to 107.7 over the same period. The Bank noted that firms reported meeting their short-term targets and expressed renewed optimism about future prospects amid improving macroeconomic conditions.

These findings are consistent with movements in Ghana’s Purchasing Managers’ Index (PMI), which increased to 51.1 in December from 50.1 in November, signaling a pickup in business activity driven by higher new orders.

According to the BoG report, the continued upward trend in both consumer and business confidence reflects an economy in recovery, with expectations of sustained improvements in economic activity.

Analysts suggest that the Central Bank’s recent policy rate cuts and measures to stabilise the foreign exchange market could further support a stable path toward accelerated economic growth.