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Inflation projected to rise to 21.8% in August 2024

The recent depreciation of the Ghana cedi against major foreign currencies is expected to continue as foreign exchange liquidity remains limited. Last week, the cedi...

Business

Why BoG vows to maintain tight monetary policy

The Bank of Ghana has affirmed its dedication to sustaining a stringent monetary policy until inflation shows a consistent downward trend. In a statement to...

Business

Monetary policy will remain tight until inflation firmly declines – BoG

The Bank of Ghana (BoG) has affirmed its commitment to maintaining a stringent monetary policy stance until inflation shows a consistent downward trend. In...

Business

Ghana’s inflation plummets to 20.9% in July

Ghana's consumer inflation has continued its downward trend, falling to 20.9% year-on-year in July, marking the fourth consecutive month of decline. This represents a 2.1...

Business

BoG maintains benchmark rate at 29% to combat inflation pressures

The Bank of Ghana’s Monetary Policy Committee has decided to keep the benchmark interest rate at 29 percent, a strategic choice intended to address...

Business

Ghana’s economy is worse off due to imported inflation – Business expert

Ghana has recently experienced a surge in inflation, which has driven up the prices of goods and services. Additionally, transportation fares have also increased...

Business

End of year inflation rate expected to exceed 20%

The end of the year inflation rate is expected to exceed 20 percent, surpassing earlier market projections, despite indications of economic recovery. DataBank, a prominent...

Business

Inflation could worsen by end of 2024 due to cedi depreciation – Economist

Economist Dr. Theo Acheampong has raised concerns that ongoing exchange rate fluctuations might hinder the government's ability to meet its year-end inflation target of...

Business

Producer Price Inflation surges to 25.9% in Ghana for June 2024

The Ghana Statistical Service (GSS) has reported that the Producer Price Inflation (PPI) rate for June 2024 surged to 25.9%, marking an increase from...

News

Producer Price Inflation rose to 25.9% in June, an increase from 23.6% in May

The latest data from the Ghana Statistical Service indicates that the Producer Price Inflation rate for June 2024 has increased to 25.9%, higher than...

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

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