Tag Archives: INFLATION

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said inflation rate in the country is a complicated economic issue. According to the Governor, his outfit since last year has been trying to manage inflation but was shocked with some of the outcome this year. “It is a very complicated …

Q Finance Minister Ken Ofori-Atta has said a number of African countries are facing economic challenges. The minister was speaking at a press conference held in Accra on Thursday, 12 May 2022. According to Mr Ofori-Atta, 41 African countries have been hit by a severe food crisis, as well as fuel …

The national year-on-year inflation rate was 13.9% in January 2022, which is 1.3 percentage points higher than the 12.6% recorded in December 2021. The Month-on-month inflation between December 2021 and January 2022 was 2.1% . Two Divisions (Housing, Water, Electricity, Gas and Other Fuels, and Transport) recorded inflation rates above …

  Ghana’s inflation rate dropped its lowest level since the start of 2013, at 7.5 percent in May, which is less than the median of the Bank of Ghana’s target band of between 6 percent and 10 percent. The fall in headline consumer price inflation from April’s level of 8.5 …

Inflation returned to single digit as it remarkably fell to 8.5% in April 2021, from the 10.5% recorded in March 2021, figures from the Ghana Statistical Service have revealed. It is the first single digit rate recorded in the year, following the ravaging effects of covid-19 on the economy. This …

The Producer Price Inflation (PPI) rate for December 2020 was 7 percent, the Ghana Statistical Service (GSS) has said on Wednesday, January 20, 2021. This rate, according to the GSS, indicates that between December 2019 and December 2020 (year-on-year), the PPI increased by 7.0 percent. This rate represents a 1.1 …

While Ghanaians were huddled near their televisions and radio sets on Wednesday, impatiently awaiting the official results of the December 7 general elections, major good news about the economy passed virtually everyone by. The Government Statistician, Professor Samuel Annim announced that consumer price inflation for November was 9.8 percent. This …

Ghana’s Producer Price Index (PPI) for September 2020 has increased to 9.6 percent from 9.0 recorded in the previous month, the Ghana Statistical Service has said. This, according to the Service represented a 0. 6 percentage points increase in producer inflation relative to the rate recorded in August this year. …

The Bank of Ghana is optimistic inflation will return to the medium-term target band of 8% +/-2 in the outlook. It believes inflation will return to the central target by the second quarter of next year. Inflation is expected to take a nosedive in the coming months due to receding …

The year-on-year inflation rate fell to 10.5 percent in August, a 0.9 percentage points lower than 11.4 percent recorded in July 2020. The monthly change rate for August 2020 is -0.4. “Total month-on-month inflation is negative because it is pulled down by negative Food inflation (-1.1 percent) and negative inflation …