ALL POSTS FILED UNDER: INFLATION
IMF projects single-digit inflation of 8% for Ghana by end of 2025
Add a CommentThe International Monetary Fund, IMF is projecting that Ghana will return to single-digit inflation by the end of 2025. The IMF in its Economic Outlook Report is forecasting an end-of-year inflation rate of 8 percent for Ghana. The forecast might … Read more →
Inflation hits 23.5%
Add a CommentInflation went up marginally in January 2024 to 23.5% as it resumed the upward trajectory, data from the Ghana Statistical Service has revealed. This follows five consecutive months of decline. Inflation stood at 23.2% in December 2023. According to the … Read more →
Inflation drops to 23.2% from 26.4% in December
Add a CommentAccording to the latest data released by the Ghana Statistical Service on Consumer Price Index (CPI) on Wednesday, January 10, 2024, inflation in the country has dropped for the fifth consecutive month, recording a rate of 23.2% for December 2023. … Read more →
Western Region records highest inflation in month of November
Add a CommentFor the fourth conservative time, inflation has dropped, recording a rate of 26.4% in November. This represents an 8.8 percentage point decrease from the 35.2 per cent recorded in October 2023. According to the Consumer Price Index (CPI) data released … Read more →
Inflation in Ghana drops to 26.4% in November
Add a CommentFor the fourth consecutive month, Ghana has experienced a declining inflation rate, reaching 26.4% in November – an 8.8-percentage-point decrease from the 35.2% recorded in October 2023. This month-on-month reduction of 8.8% represents the most significant drop recorded in Ghana … Read more →
Inflation drops to 40.1%
Add a CommentThe Ghana Statistical Service (GSS) has announced 40.1 percent as the inflation rate for the month of August. This is a whopping 3.0 percent drop from the rate recorded in July. Announcing the consumer price index (CPI) and rate of … Read more →
Exchange rates, inflation, and fiscal challenges stabilised – Ofori-Atta
Add a CommentFinance Minister Ken Ofori-Atta presented the 2023 mid-year budget review, highlighting the government’s efforts to tackle the impacts of COVID-19 and economic challenges. He stated that these measures have led to positive outcomes such as stabilising exchange rates, softening inflation, … Read more →
Cedi, inflation: I don’t foresee us hitting single digits this year
Add a CommentDirector of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey has said he does not expect Ghana to experience a single-digit inflation and also the Cedi-Dollar exchange rate this year. He … Read more →
Ghana’s path to low inflation can be long, painful – IMF
Add a CommentThe International Monetary Fund (IMF) has warned that Ghana will need austerity measures in the coming months to bring inflation back to the single digit territory. The fund said the process could be long and painful, as sustained fiscal imbalances … Read more →
Inflation is 52.8 %
Add a CommentThe year-on-year inflation for February 2023 has reached 52.8 per cent. This means that in the month of February 2023, the general price level was 52.8 per cent higher than February last year. Government Statistician, Prof. Samuel Kobina Annim, made … Read more →
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