Investor Presentaiton
2014 Operating Environment
CURRENT
OUTLOOK
Bank
CAL Bank
on our Service
INFLATION
Headline inflation: 15.0% up from 7.9% in
June 2013
Food inflation: 7.9% up from 7.3% in June
2013
Non-food inflation: 20.3% up from 15.1%
in June 2013
of
is
Upward trajectory
inflation
expected to continue throughout the
year as prices adjust to reflect pass-
through effects of increased petroleum
prices, utility tariffs, transportation
costs and cedi depreciation
CURRENT
CONSUMER
& BUSINESS
CONFIDENCE
Worsened Business and Consumer
Confidence alongside heightened
inflation
■
Half-Year 2014 Investor Presentation - August, 2014
OUTLOOK
Consumer Confidence may worsen as a
result of unemployment, household
financial conditions and general
economic outlook.
Business Confidence may continue to
fall as businesses anticipate slowdown
in industry growth, sales, revenues and
capital outlays due to exchange rate
depreciation and high costs of
operations
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