FULL TEXT: Bank of Ghana keeps policy rate unchanged at 27% ahead of 2024 election [Video]

1. Global growth has remained robust, supported by the recovery of real incomes amid an ongoing process of disinflation. The policy easing cycle initiated by major central banks in Advanced Economies (AEs), in response to declining inflation rates, has generally supported growth. High frequency data indicates strong performance in the services sector, while the manufacturing sector has experienced weaker growth due to front loading of import orders in the first half of the year, driven by rising geopolitical concerns.