Business News of Monday, 31 May 2021Source: www.ghanaweb.com• Business sentiments softened in April 2021 to 96.9 from 97.9 in February 2021• Consumer confidence also softened to 93.2 in April 2021 from 97.1 in February 2021, according to data from the Bank of Ghana. • The CIEA however recorded an annual growth of 26.8 percent at the end of the first quarter of 2021Business sentiments and consumer confidence seemed to have softened in April 2021 respectively, according to the Bank of Ghana’s May 2021 Summary of Economic and Financial data. Figures released by the bank showed that investors’ attitude towards the financial market softened from 97.9 to 96.9 in February 2021, indicating a dip in the sentiments of businesses whereas consumer confidence softened to 93.2 in April 2021 from 97.1 in February 2021. For consumer confidence, the banks said it heightened concerns among consumers, particularly on recently introduced taxes in the government 2021 budget statement. In all, the Bank of Ghana’s latest Summary of Economic and Financial data for May 2021 pointed towards a continuing growth momentum of the economy.

Source: GhanaWeb May 31, 2021 13:18 UTC