Tag: inflation
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...
Business
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...
Business
Time Value: GHC1000 in 2021 is worth GHC450 now – Report
A recent analysis by the 3News Research Desk has highlighted the significant impact of inflation on the purchasing power of the Ghanaian cedi.According...
Business
Near-term forecast of inflation remains unclear – Report
GCB Capital has revealed that despite the ongoing disinflation trend, the near-term outlook for inflation remains uncertain.While they anticipate continued disinflation through the...
Business
Ghana currently holds 6th position in Africa for highest food inflation rates
Ghana currently holds the 6th position in Africa for the highest food inflation rates.In May 2024, Ghana recorded a food inflation rate of 22.6%,...
Business
Ghana’s annual inflation rate continues to decline, reaching 22.8% in June 2024
Ghana's annual inflation rate continued its decline, falling from 23.1 percent in May to 22.8 percent in June this year.This indicates a month-on-month inflation...
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