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Inflation rises marginally to 21.5% for September
The inflation rate for September 2024 increased to 21.5 percent from 20.4 percent in August.This rise is due to an increase in food inflation,...
Inflation to ease to 19% in September 2024
Inflation is expected to decline further to 19.0% year-on-year in September 2024, IC Research has predicted.However, it expects month-on-month inflation to rise to 0.7%.“For...
Producer Price Inflation surges to 33.2% in August 2024
The year-on-year inflation rate at ex-factory prices for all goods and services increased to 33.2% in August 2024 from 29.1% in July 2024.The month-on-month...
Upper West, Upper East, record highest food and non-inflation rates
In August 2024, the Upper West and Upper East regions of Ghana reported the highest food and non-food inflation rates, with food inflation reaching...
There is some uncertainty regarding inflation path for year – BoG
The Bank of Ghana (BoG) has expressed concerns about the uncertainty regarding the inflation path for the rest of the year, given recent exchange...
Inflation for August 2024 tumbles to 20.4%
The year-on-year inflation for the month of August has slowed marginally to 20.4% from 20.9% recorded in July.According to the Ghana Statistical Service, the...
Fact check: Haruna Iddrisu makes misleading claims about Ghana’s public debts and inflation
An opposition Ghanaian lawmaker, Haruna Iddrisu, has berated Ghana’s governing New Patriotic Party (NPP) for the country’s “worst” cost of living.The former Employment and Labour...
Fact Check: NDC Manifesto: Claim food inflation currently stands at 50% false
Claim: The Member of Parliament for Bole Bamboi, Yusif Sulemana, has claimed that Ghana’s food inflation currently stands at 50%. Verdict: False. Data from the Ghana Statistical Service...
Inflation to increase to 21.8% in August 2024 – Report
Inflation is expected to surge to 21.8% in August 2024, IC Securities has predicted.According to the investment firm, this is due to unfavourable base...
Producer Price Inflation shoots up to 29.1% in July 2024
The Producer Price Index (PPI) rate for July 2024 was 29.1%, a 3.5 percentage point increase over that of June 2024.The month-on-month change in...
Finance Minister fears food inflation may soar due to delayed rains
The Finance Minister, Mohammed Amin Adam (MP), has expressed concern that the delay in rains and its impact on crops could lead to a...
Inflation remains high by international standards despite falling significantly since 2023 – IEA
The Institute for Economic Affairs has emphasized that inflation remains in Ghana remains high by international standards despite it dropping significantly from 54.1% in...
We will maintain tight monetary policy stance until inflation is firmly declining – BoG
The Bank of Ghana has expressed its commitment to maintain a sufficiently tight monetary policy stance until inflation is on a firmly declining path.In...
Inflation for July tumbled to 20.9%.
Inflation for the month of July 2024, tumbled to 20.9%.This represents a decline of 1.9 percentage points from that of June which was at...
Inflation continues downward trend, reaches 20.9% in July
Ghana's consumer inflation has continued to decline, reaching 20.9% year-on-year in July, marking the fourth straight month of reduction.This represents a 2.1 percentage point...
Inflation expected to reach 15% by end of 2024 – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has projected that Ghana’s inflation rate will reach 15% by the end of 2024.During a town hall meeting...
Inflation to end year at 19.3%–21.3% – Report
Research firm, IC Research is raising its 2024 annual inflation forecast by 340 basis points to between 19.3% and 21.3%.This is due to the...
Cedi volatility, utility tariffs, and fuel price hikes are risks to inflation
Recent exchange rate pressures, upward adjustments in utility tariffs, and increases in fuel prices have posed risks to inflation that remain slightly tilted to...
Producer Price Inflation increases to 25.9% in June
The latest data from the Ghana Statistical Service (GSS) reveals that the Producer Price Inflation (PPI) rate for June 2024 has climbed to 25.9%,...
Near-term outlook of inflation uncertain – Report
The near-term inflation outlook is uncertain despite the disinflation trend, GCB Capital has disclosed.It pointed out that while it expects the disinflation trend to...
Inflation dips to 23.1% as fiscal and monetary policies take effect – Finance Minster
Ghana’s economy is showing promising signs of recovery, as evidenced by a significant decline in inflation, which dropped to 23.1% in May 2024 from...
Producer Price Inflation hits 23.6%
The year-on-year inflation rate at ex-factory prices for all goods and services was 23.6% in May 2024.This was far higher than the 16.8% recorded...
May 2024 inflation declines marginally to 23.1%
Inflation for May 2024 declined marginally to 23.1% from the 25.0% recorded in April 2024.According to the Ghana Statistical Service, food inflation recorded a...
Ghana’s inflation to end 2024 at 20.9%, narrow to 11.1% in 2025 – AfDB
Ghana’s inflation is expected to end 2024 at 20.9%, the African Development Bank has revealed in its updated 2024 African Economic Outlook.This is higher...
Inflation to fall to 21% in May 2024, end year at 17% – Report
Inflation is expected to fall to 21% level in May 2024 and end the year around 17%.According to GCB Capital, this is due to...
Bank of Ghana explains inflation dynamics [Video]
The Bank of Ghana has initiated a program to explain the dynamics of inflation.Additionally, the Central bank has offered insights into how it determines...
Producer Price Inflation shoots up to 16.8% in April 2024
The Year-on-year inflation rate at ex-factory prices for all goods and services was 16.8% in April 2024, the Ghana Statistical Service has reported.This is...
Finance Minister forecasts 15% inflation rate by close of 2024
The Finance Minister, Dr Mohammed Amin Adam, has stated that the government's pragmatic policies are effectively steering the economy in the right direction.He highlighted...
April 2024 inflation declines marginally to 25 percent
Inflation for April 2024 has declined marginally to 25 percent from the 25.8 percent recorded in March 2024.By this, the inflation rate for April...
Fitch Solutions projects 19.0% average inflation for Ghana in 2024
Fitch Solutions is projecting an average inflation of 19.0% for Ghana in 2024.This is lower than the International Monetary Fund’s 22.3%.According to the London-based...
IMF projects single-digit inflation of 8 percent for Ghana by end of 2025
The 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...
Producer Price Inflation increases sharply to 16.5%
The year-on-year inflation rate at ex-factory prices for all goods and services was 16.5% in March 2024, the Ghana Statistical Services has disclosed.This is...
Top 10 African countries with the highest food inflation rates in 2024
A recent report by the United Nations has shed light on the persistent challenge of food inflation across various African nations in 2024.The...
Ghana’s inflation 6th highest in Sub-Saharan Africa – World Bank
Ghana’s inflation of 25.8% is the 6th highest in Sub-Saharan Africa, according to the April 2024 World Bank Africa Pulse report.Zimbabwe, Sierra Leone, Malawi,...
March 2024 inflation increases sharply to 25.8%
Inflation for the month of March 2024 increased to 25.8% from 23.2% recorded in February 2024.According to figures from the Ghana Statistical Service, the...
Alan Kyerematen to reduce food inflation if elected President
Founder and Leader of Movement for Change, Alan Kwadwo Kyerematen has outlined his plan to tackle food inflation should he be elected as President...
High inflation: Most Ghanaians shifted spending in 2023 to essential goods – Maverick Report
Most Ghanaians shifted their spending habits in 2023 with a focus on essential goods as inflation bites, according to a survey by Maverick ResearchThe...
We expect inflation to increase to 26% in March 2024 – GCB Capital
GCB Capital expects a sharp increase in headline inflation in March 2024 to around 26%.This is largely due to unfavourable base drifts, following the...
Inflation to decline between 13-17% by December 2024 – BoG
The Bank of Ghana is forecasting a further decline in headline inflation to between 13 – 17% by the end of 2024, before gradually...
Ghana’s inflation rate almost 3 times that of Ivory Coast, Togo, and Burkina Faso...
Ghana continues to grapple with price hikes as the year-on-year inflation rate for January 2024 sees a marginal rise.It hits 23.5%, making it one...