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Producer Price Inflation drops again to 3.7% in March

Anthony Amuzu - Dep. Government Statistician

Ghana’s Producer Price Inflation (PPI) has dropped for the third time in a row to 3.7 percent as at March 2018. The PPI measures the average change over time in the general prices received by domestic producers for the production of goods and/or provision of services. Comparing the March figure to that of February, the PPI went down by 1.8 ...

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Agric’s contribution to GDP records eighth decline in a row

Dr. Owusu Afriyie Akoto - Minister of Agric

Despite plans by the current administration to revamp the agricultural sector and make it the leader of Ghana’s economy, the sector has rather seen a decline in its contribution to GDP for yet another time. At least this is according to the 2017 figures released by the Ghana Statistical Service. The percentage of its contribution to GDP stood at 18.9 ...

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3 regions of the North least patronized by tourists – Report

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Domestic tourism was lowest in the three regions of the North of Ghana in 2015, a report by the Ghana Statistical Service has shown. Together, the Northern, Upper West and East regions controlled only 12.1 percent of domestic tourism as at 2015. As a result, industry watchers have appealed for intensified efforts to attract more tourists and open up the ...

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Inflation drops marginally to 12.2% in September

inflation pix

Ghana’s inflation rate for September 2017 reached 12.2 percent. This is a marginal drop of 0.1 percent in the inflation rate compared to the 12.3 percent recorded in August 2017. The inflation rate measures the average change in the prices of goods and services purchased by consumers within a given year. The Ghana Statistical Service (GSS) attributed the decline in ...

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Inflation hits 12.3% in August

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Ghana’s inflation reached 12.3 percent in August 2017. This represents a negative 0.2 percent change in the inflation rate between July and August 2017. The inflation for July 2017 stood at 11.9 percent. Inflation measures the average rise in the prices of all consumer goods and services in the country. The inflation rate for August 2017 is the second time ...

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Producer price inflation drops to 3.6% in June

inflation-300x160

Ghana’s Producer Price Inflation (PPI) for June 2017 stood at 3.6 percent. This represents a 1.1 percent drop from the 3.7 percent recorded in May 2017. The PPI measures the average change over time in the prices received by domestic producers for the production of their goods and services. Explaining the reasons accounting for the drop in producer inflation, the ...

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2017 first quarter GDP rises to 6.6%

Ghana-GDP-Growth

Ghana’s Gross Domestic Product (GDP) for the first quarter of 2017, grew by 6.6 percent. This compares with the 4.4 percent recorded in the same period of last year. For the first quarter of this year, Ghana’s GDP at constant prices including oil was 8, 557.8 million cedis compared with the 8,028.4 million cedis recorded in the same period of ...

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Rising inflation to affect interest and exchange rates – Economist

inflation

Economist, Dr. Ebo Turkson has predicted of dire implications on interest and exchange rates should inflation rise in May. According to him, this will have a negative impact on businesses and the economy entirely. “When prices increase generally, our exports become less competitive because our goods are more expensive than formerly. So inflation is not a very good thing because ...

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Producer Price Inflation drops to 4.8% in April 2017

Mr. Baah Wadieh, Acting Government Statistician

Ghana’s producer price inflation for April this year recorded 4.8 percent. This is down from the 6 percent recorded in March this year. This means that the cost of production for industries has seen some stability during the period. The difference between the producer price inflation between March and April this year was negative 1.3 percent. The Acting Government Statistician, ...

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Ghana’s unemployment rate hit 11.9 % in 2015 – Report

Employment & Labour Minister, Ignatius Baffour Awuah and the Ag. Government Statistician, Baah Wadieh launching the report

Ghana’s unemployment rate stood at 11.9 percent in 2015. This is according to the latest Ghana Labour Force Survey Report by the Ghana Statistical Service. This is about twice the figure recorded in 2012/2013 (5.8%) based on the Statistical services strict definition of unemployment – where “one was not working, actively looking for a job and available for work.” However, ...

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