加纳股票指数 (GGSECI) 加自选

加纳银行在连续三次会议没有变化后，于3月28日将基准货币政策利率上调100个基点至28%。央行表示，出于对通胀前景的担忧，这一决定是一致的。2025年2月，加纳的年度消费者通胀率连续第二个月降至23.1%，但仍远高于加纳银行8%的目标范围，容忍区间为6%-10%。

The Bank of Ghana raised its benchmark monetary policy rate by 100 bps to 28% on March 28th, after three consecutive meetings with no changes. The central bank stated that the decision was unanimous, driven by concerns about the inflation outlook. Ghana's annual consumer inflation eased for the second month to 23.1% in February 2025, though staying well above the Bank of Ghana’s 8% target range, with a 6%-10% tolerance band.

2024年第四季度，加纳经济同比增长3.6%，为2023年第三季度以来的最低水平，此前三个月经济增长率上调7.5%。工业部门表现不佳，在第三季度增长10.4%后，仅增长0.2%。与此同时，服务业增长6.3%，农业增长2.9%。2024年全年，该国的国内生产总值增长了5.7%。

Ghana's economy rose by 3.6% year-on-year in Q4 2024, the least since Q3 2023, following an upwardly revised 7.5% expansion in the previous three-month period. The industrial sector acted as a drag, posting minimal growth of just 0.2%, following a 10.4% increase in Q3. Meanwhile, the services sector advanced by 6.3% and agriculture rose by 2.9%. For the whole year of 2024, the country's GDP grew by 5.7%.

加纳的年度消费者通胀率连续第二个月从1月份的23.5%降至2025年2月的23.1%，部分原因是汇率更加稳定。尽管如此，通货膨胀率仍远高于加纳银行8%的目标范围，容忍区间为6%-10%。食品通胀率六个月来首次从1月份的28.3%降至28.1%，而非食品价格增长从19.2%放缓至18.8%。按月计算，消费者价格指数在上个月上涨1.7%后，上涨1.3%，为四个月来最低。央行在1月份表示，通胀需要更长时间才能恢复到目标范围内。

Ghana's annual consumer inflation eased for the second month to 23.1% in February 2025, from 23.5% in January, partly due to a more stable exchange rate. Still, the inflation rate remains well above the Bank of Ghana’s 8% target range, with a 6%-10% tolerance band. Food inflation decelerated for the first time in six months to 28.1% from 28.3% in January, while non-food price growth moderated to 18.8% from 19.2%. On a monthly basis, consumer prices rose by 1.3%, the least in four months, after a 1.7% increase in the prior month. The central bank said in January that it would take longer for inflation to return to within the target.

标准普尔全球加纳采购经理人指数从1月份的47.9升至2025年2月的50.5，表明在经历了三个月的收缩后，私营部门活动略有改善。这一增长是由产出、新订单和就业的扩张推动的，这得益于去年选举后需求的增强和经济状况的改善。业务活动增加，新订单在五个月内第四次增加，反映出客户需求增加和营销成功。此外，就业强劲反弹，采购活动也增加，提振了库存。在价格方面，由于货币疲软和燃料价格上涨，投入成本通胀仍然急剧上升，而员工成本通胀有所缓解。因此，公司更快地提高了销售价格，从1月份开始，收费通胀有所上升。最后，商业情绪仍高于平均水平，企业对产出增长、货币稳定和支持性政策持乐观态度，这表明如果条件改善，2025年将出现势头。

The S&P Global Ghana PMI rose to 50.5 in February 2025 from 47.9 in January, signaling a marginal improvement in private sector activity after three months of contraction. The growth was driven by expansions in output, new orders, and employment, supported by stronger demand and improving economic conditions after last year's elections. Business activity increased, and new orders rose for the fourth time in five months, reflecting higher client demand and successful marketing. Moreover, employment rebounded solidly, and purchasing activity also increased, boosting inventories. On prices, input cost inflation remained sharp due to currency weakness and rising fuel prices, while staff cost inflation eased. As a result, firms raised selling prices faster, with charge inflation picking up from January. Lastly, business sentiment remained above average, with firms optimistic about output growth, currency stability, and supportive policies, indicating momentum in 2025 if conditions improve.