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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Consumer spending, proxied by domestic VAT collections and retail sales, posted a mixed performance in November 2025 compared with the corresponding period in 2024, the Bank of Ghana has disclosed in its January 2026 Monetary Policy Report.
Domestic VAT collections increased by 38.2% on a year on-year basis to GH¢2.20 billion, from GH¢1.59 billion.
Cumulatively, total domestic VAT for the first eleven months of 2025 went up by 24.6% to GH¢19.29 billion, compared with GH¢15.48 billion for the corresponding period of last year.
Retail sales declined by 10.5% year-on-year to GH¢284.43 million in November 2025, down from the GH¢317.86 million recorded in the same period in 2024.
Source: newsthemegh.com