With a significant slowdown in growth and a widening budget deficit, the economy was facing the prospect of instability without the appropriate measures to provide additional financing.  Economy gradually turning around 31. Ladies and Gentlemen, Bank of Ghana on the basis of recent  available data believes that the economy is on a rebound.
And that this rebound can be attributed to the evidence of some green shoots in economic activity gleaned from the Bank of Ghana’s surveys on consumer confidence which had bounced back to pre-lockdown levels as consumers responded favourably to the gradual lifting of restrictions—providing some scope for undertaking meaningful economic activities. Business confidence has also improved although the Index remained below pre-lockdown levels.