Business
Inflation Rises To 25.8%
Inflation for March 2024 increased sharply to 25.8% from 23.2% recorded in February 2024. This means that in March 2024, the general price level was 25.8% higher than in
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Business
Inflation rate increases sharply to 25.8% in March 2024
The Ghana Statistical Service (GSS) has announced that inflation for the month of March this year increased to 25.8%. This is up from 23.2% recorded in February 2024. Government statistician Professor Samuel Kobina Annim said at a press conference in Accra on Wednesday, April 10 that the non-food inflation went up by 22.6 percent while food […]
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Economy
Reduction in inflation means rate of price increase has slowed – Economist
Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has stated that a consistent decline in inflation has resulted in drastic price reductions as the economy continues a steady rebound. Speaking on TV3’s Ghana Tonight programme on Monday, March 18, Dr. Adu Sarkodie pointed out that there have been improvements in […]
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Columnist
Offgrid Solar Power : Solution to Dumsor or What is Not Dumsor
By Ferdinand D. ADADZI Introduction Timestamp: Thursday, 14th March, 2024 @ 10.06 pm. We are back to erratic power supply.⚡️ ⚡️ ⚡️ You can call it dumsor or it is not? 🤷♂️ Fact still remains, there are serious challenges in power supply to residents and businesses. In the midst of the challenges, there are plenty […]
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Business
Inflation for February 2024 drops to 23.2%
Latest data from the Ghana Statistical Service has revealed a decline in inflation, with the February figure standing at 23.2%. This represents a 0.3 percentage point decrease from the 23.5 percent recorded in January. During a press briefing in Accra on Wednesday, Government Statistician Prof. Samuel Kobina Anim provided a breakdown of the figures, explaining […]
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Business
Inflation and GDP growth…appreciating the dynamics
By Ebenezer Ashley (PhD). The concept of inflation has attracted diverse theories from different economists across the globe. Economists with varied forms of theories on inflation are grouped into two. These include structuralists and monetarists (Nitisha, n.d.). Structural economists assert, inflation is the end-product of the imbalances inherent in economic systems; and adapt both fiscal […]
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Business
Inflation Hits 23.5%
Inflation had gone up marginally, recording 23.5% for January 2024. This follows five consecutive months of decline with an inflation of 23.2% in December 2023. According to data from
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Columnist
The middle truth in the inflation muddle
By Barry EICHENGREEN For precisely three years, the economics profession has been collectively fixated on inflation. February 2021, exactly 36 months ago, was the last time consumer-price-index inflation in the United States (all items, 12-month percentage change) was at or below the Federal Reserve’s 2% target. This recent episode of above-target inflation now shows signs […]
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Business
Inflation jumps to 23.5% in January
Ghana’s inflation witnessed a marginal uptick from 23.2 to 23.5 percent for January 2024. This is a reversal of the consecutive declines recorded between July and December 2023. This slight acceleration in consumer prices is attributable to the increase in Non-food inflation drivers mainly accommodation and clothing. However, food inflation continued to ease during the […]
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Banking & Finance
The self-satisfaction of the service industry: the banking sector in focus
Finance and economic experts argued that Ghana could take advantage of its service industry to boost the economy. Time has proven that that ambition is far-fetched. The service industry in Ghana – from the hospital, hospitality, educational institutions through legal services to banking services – is self-satisfaction of the staff rather than the customers who […]
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Politics
Inflation rate: Support Akufo-Addo-Bawumia govt to deliver – Ahiagbah to Ghanaians
The Director of Communications of the New Patriotic Party (NPP), Richard Ahiagbah, has urged Ghanaians to assist the Akufo-Addo-Bawumia government in working effectively as inflation has reduced. According to the Consumer Price Index (CPI) data released on Wednesday, January 10, food inflation stood at 28.7 percent, and non-food inflation was recorded at 18.7 percent. Inflation […]
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Economy
Consumer inflation ends 2023 at 23.2%
Consumer inflation eased further in December 2023 – closing at 23.2 percent, down from November’s 26.4 percent per data from the Ghana Statistical Service (GSS). This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation. Cumulatively, inflation dropped 30.4 percent during 2023 while average inflation was 39.91 percent. […]
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Business
Inflation Drops Again To 23.2%
Prof. Samuel Kobina Annim THE YEAR-on-year inflation for December 2023 dropped significantly to 23.2 percent from the 26.4 percent recorded in November last year. The Consumer Price Index (CPI)
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Featured
Current economic progress transient; fix the fundamental weaknesses – Economist to govt
An economist and financial analyst at the University of Ghana, Dr. Patrick Asuming, has urged the government to, as a matter of urgency, focus on building the economy more sustainably and not be fascinated by transient positive indicators. This follows the Finance Minister, Ken Ofori-Atta’s attribution of the consistent decline in inflation to the government’s […]
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Featured
Inflation drop: We are restoring macroeconomic stability – Ofori-Atta
Finance Minister Ken Ofori-Atta attributes the consistent decline in inflation to the government’s dedicated efforts in restoring macroeconomic stability. Inflation has dropped for the fourth consecutive time, with November recording a rate of 26.4 per cent. During a dividend presentation of 30.89 million cedis to the government by the Board of Twifo Oil Palm Plantation […]
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Business
November Inflation Sees Significant Drop To 26.4% From 35.2%
Professor Samuel Kobina Annim The latest Consumer Price Index (CPI) data released on Thursday, December 14, 2023 reveals that inflation in November dropped to 26.4%, marking the fourth consecutive
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Featured
November inflation drops to 26.4% from 35.2%
For 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 percent recorded in October 2023. According to the Consumer Price Index (CPI) data released on Thursday, December 14, the year-on-year food inflation stood at 32.2 percent and non-food inflation at […]
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