Tag: inflation
Business
Cost of producing goods and services surges by 6.8 %
In May 2024, the year-on-year inflation rate for all goods and services at ex-factory prices reached 23.6%, marking a notable increase from April 2024's...
News
High inflation on food could become more severe – Seth Terkper
The Finance Minister during the Mahama administration, Seth Terkper, has disclosed that the current exorbitant food prices in the market could have been even...
Business
GCB Capital projects downward trend of inflation in coming months
The disinflation trend in Ghana is anticipated to continue, albeit at a moderated pace, despite challenges such as the depreciation of the cedi and...
Business
May 2024 records 25% to 23.1% drop in inflation
The inflation rate in Ghana slightly declined from 25% in April 2024 to 23.1% in May 2024.Professor Samuel Kobina Annim, Government Statistician of the...
Business
Ghana’s inflation currently stands at 23.1%
Inflation for May 2024 has seen a substantial decline, dropping to 23.1% from 25.0% in April 2024, marking a 1.9 percentage point reduction.The...
News
Krom ay3 shi! – Minority leader ‘cries out’ over exorbitant food prices on the market
The Minority Leader, Dr Cassiel Ato Forson, has raised concerns over the alarming trends in food prices, which have skyrocketed since the beginning of the...
Business
Inflation predicted to drop to 21% in May 2024 and to 17% by year’s end
In May 2024, inflation is projected to decrease to a level of 21% and is anticipated to conclude the year at approximately 17%.GCB Capital...
Business
It’s better to borrow from loan sharks than from banks in Ghana – Franklin Cudjoe
The savings culture of most Ghanaians has taken a hit due to ongoing economic challenges such as a depreciating local currency, high interest rates,...
Business
Ghana’s inflation falls to 25% in April
Inflation for April 2024 has marginally decreased to 25% from the 25.8% recorded in March 2024, indicating a 0.8% slowdown in the inflation rate...
Business
Ghana on track to reach 8% single-digit inflation rate by 2025 – IMF
The International Monetary Fund (IMF) foresees Ghana ending 2025 with single-digit inflation, estimating it at 8%, in line with the government's objectives.Ghana aims...
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