15 inflation
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 Read More... The post Inflation Rises To 25.8% appeared first on DailyGuide
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 […] The post Inflation rate increases sharply to
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 […] The post Reduction
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 […] The post Inflation
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 […] The post
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 Read More... The post Inflation Hits 23.5% appeared first on DailyGuide
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 […] The post The
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 […] The post Inflation
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 […] The post Inflation
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. […] The post
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) Read More... The post Inflation Drops Again To 23.2% appeared first on DailyGuide
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 […] The post Current
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 […] The post Inflation
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 Read More... The post November Inflation
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 […] The post November inflation
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