ALL POSTS FILED UNDER: INFLATION
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 →
Inflation ends 2022 at record 54.1%
Add a CommentInflation shot up by 3.8% to end 2022 at 54.1%, data from the Ghana Statistical Service (GSS) has revealed. Despite a strong improvement in the value of the cedi and a reduction in the prices of petroleum products, the rate … Read more →
US jobs growth solid but slowing amid inflation fight
Add a CommentJobs growth in the US is continuing at a solid, though slowing pace, despite rising prices and higher borrowing costs weighing on the economy. Employers added 261,000 jobs in October, while the unemployment rate rose slightly to 3.7%, the US … Read more →
‘Inflation will reduce in medium term’ – BoG First Deputy Governor
Add a CommentMAXWELL Opoku-Afari, First Deputy Governor of the Bank of Ghana, says the bank’s forecast indicates that inflation would peak later this year and begin trending back towards the medium-term horizon. He said headline inflation has shifted well above the upper … Read more →
Treasury yields to increase in coming weeks; inflation to peak in quarter 4 – Report
Add a CommentWith liquidity constrained and the policy rate of the Bank of Ghana at 22%, yields on treasury bills are expected to go up in the coming weeks. According to Databank Research, upward pressure on yields persist due to tightened monetary … Read more →
Inflation rises further to 31.7% in July 2022
Add a CommentYear-on-year inflation crossed the 30% mark to hit 31.7% in the month of July 2022, data from the Ghana Statistical Service has revealed. This is the highest inflation rate recorded since late 2003. However, the rate of inflation slowed down … Read more →
Inflation hits transport, others by 29.8% in June 2022
Add a CommentYear-on-year inflation shot up further by 2.2% to 29.8% in June 2022, the latest data from the Ghana Statistical Service (GSS) has revealed. This is the highest recorded since December 2003. However, the rate of inflation, according to the inflation … Read more →
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