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BoG raises policy rate to 29.5%.

The Bank of Ghana has increased its policy rate by 150 basis points to 29.5% to help check the high inflation and any downside...

Independent Africa

Nigeria’s inflation hits 21.91% amid cash crunch

In February, Nigeria's inflation rate increased as a result of the uncertainty brought on by the lack of the newly designed Naira notes. Inflation increased...

Business

Inflation drops to 52.8% in February

Inflation has declined for the second time in a row. It fell to 52.8 per cent in February this year from 53.6 per cent in...

Business

BoG confirms that inflation will peak in first quarter of 2023

The Bank of Ghana has reiterated that inflation is likely to peak in the first quarter of 2023 and gradually ease thereafter. However, headline inflation...

Business

Uncertain financial conditions present a challenge to central banks

Central banks aggressively hiked interest rates last year as inflation in many countries rose to the highest levels in decades. Now, falling energy prices...

Business

Inflation drops to 53.6%

Inflation fell marginally to 53.6% in January 2023, from 54.1% recorded in December 2022, latest data from the Ghana Statistical Service has revealed. This is...

Independent Africa

Zimbabwe’s currency declining, inflation expected to reach 400% by end of year

Cuthbert Gudza, 33, a street money trader, repairs damaged U.S. banknotes, outside a shopping centre, in Kuwadzana township, Harare, Zimbabwe January 18, 2023. REUTERS Despite...

Business

Landlords impacted by lake road building demand greater compensation

If fair compensation is not given to them, certain landlords and tenants in Kuntenase, in the Bosomtwe district of the Ashanti region, have stated...

Business

World Bank forecasts 2.7% growth rate for Ghana in 2023

The World Bank is projecting a 2.7% expansion of the Ghanaian economy in 2023, lower than Sub-Saharan Africa average of 3.6%, its January 2023...

Business

Inflation jumps to 50.3% in November 2022, highest in 27 years

Inflation went up by 9.9% to 50.3% in the month of November 2022, according to latest figures from the Ghana Statistical Service. This is the...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Kanye West’s Heil Hitler song bans him from entering Australia