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Private pension fund assets rise to GHS31.4bn in first half of 2022 – BoG

A report by the Bank of Ghana has revealed that Ghana’s pension industry has not been negatively impacted by the economic challenges facing the...
World

Nigeria lending rate hikes amid high inflation

The Central Bank of Nigeria has raised interest rates for local bank lending to 15.5%, just two months after it was pegged at 14%. This...
Business

Govt, BoG must address rising inflation – IEA

The government and the Bank of Ghana (BoG) must collaborate to address the factors causing inflation to rise, the Institute of Economic Affairs (IEA),...
World

UK already in recession, Bank of England reveals

The Bank of England hikes interest rates as it indicates the UK is already in recession; government hints energy support for schools, hospitals, and...
Business

Argentina’s interest rate hits 69.9% as prices soar

To contain rising inflation, Argentina's central bank has reviewed its main interest rate to 69.5%. Also, the central bank has put up its 28-day monetary...
World

High cost of living : Germany announces tax plan review

In response to the inflation crisis, the German Finance Ministry has unveiled a plan to reduce income taxes. However, critics claim the measures would...
Business

Inflation hits 29.8% in June 2022; transport, food among major drivers

Year-on-year inflation shot up further by 2.2% to 29.8% in June 2022, latest data from the Ghana Statistical Service (GSS) has revealed. This is the...
Business

Inflation hits highest since August 2009

Inflation for the month of March has been pegged at 19.4%, the highest rate recorded since August 2009. The rise in inflation will mean that...
Business

Food prices, transport fares push inflation to 19.4%; highest since August 2009

Rising cost of food prices pushed inflation rate in the month of March 2022 to 19.4%, the highest since August 2009, the Ghana Statistical...
Business

January records highest inflation since 2019 rebasing

The month of January 2022 has recorded the highest inflation of 13.9% since 2019 rebasing.The figure is 1.3% percent higher than what was recorded...
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