{"id":137527,"date":"2024-01-10T11:00:17","date_gmt":"2024-01-10T11:00:17","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/10\/inflation-may-outperform-imfs-29-4-target-report\/"},"modified":"2024-01-10T11:00:17","modified_gmt":"2024-01-10T11:00:17","slug":"inflation-may-outperform-imfs-29-4-target-report","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/10\/inflation-may-outperform-imfs-29-4-target-report\/","title":{"rendered":"Inflation may outperform IMF\u2019s 29.4% target \u2013 Report \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>IC Research has projected that Ghana\u2019s year-on-year inflation is likely to outperform the targets that were set by the International Monetary Fund under the PC-PEG programme.<\/p>\n<p>Ghana\u2019s inflation for November reduced to 26.4% from 35.2% in October.<\/p>\n<p>According to a myjoyonline.com report, the research pointed out that the November 2023 inflation (26.4%) print pulls headline inflation symmetrically within the 27.4% inner band and the 25.4% outer band of the lower limit under the IMF programme\u2019s Monetary Policy Consultation Clause.<\/p>\n<p>\u201cAgainst this backdrop, we reiterate our view that the authorities [government] will outperform the IMF\u2019s end-2023 central target of 29.4% with a firm tilt towards the outer band of the lower limit.\u201d<\/p>\n<p>\u201cReassuringly, our updated CPI forecast for end-2023 points to the potential to outperform even the outer band of 25.4% with a projected landing zone of 24.2% in December 2023,\u201d the report said.<\/p>\n<p>IC Research continued \u201cOur impact assessment revealed that this monetary decision has effectively mopped up \u00a24.6 billion from the interbank market as banks\u2019 holding of Bank of Ghana bills declined to \u00a228.1 billion as of December 13, 2023 (versus \u00a232.6bn pre-Monetary Policy Committee).\u201d<\/p>\n<p><strong>Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IC Research has projected that Ghana\u2019s year-on-year inflation is likely to outperform the targets that were set by the International Monetary Fund under the PC-PEG programme. Ghana\u2019s inflation for November reduced to 26.4% from 35.2% in October. According to a myjoyonline.com report, the research pointed out that the November 2023 inflation (26.4%) print pulls headline [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":109503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-137527","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inflation may outperform IMF\u2019s 29.4% target \u2013 Report \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/10\/inflation-may-outperform-imfs-29-4-target-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation may outperform IMF\u2019s 29.4% target \u2013 Report \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"IC Research has projected that Ghana\u2019s year-on-year inflation is likely to outperform the targets that were set by the International Monetary Fund under the PC-PEG programme. Ghana\u2019s inflation for November reduced to 26.4% from 35.2% in October. 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