Strong U.S. growth is likely to cause spillover effect on the rest of the
world, thus sustaining global economic expansion.
But the range of possibilities for global economic outlook has
widened. On the downside are trade war, protracted Brexit
negotiations and overheating risks. On the upside are the Trump
Rising U.S. interest rates, hawkish Fed policy and a strengthening U.S.
dollar have tightened financial conditions, with spillover effect across
markets including Ghana. This has intensified the scramble for
liquidity in the local market.
Slump in revenue generation could see Ghana introduce new tax
measures in its mid-year budget review