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Inflation hits 12.3% in August


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


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’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


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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Producer inflation drops sharply to 4.9 percent in December 2016


The producer price inflation for December 2016 fell to 4.9 percent from the 11.9 percent in November, the Ghana Statistical Service has stated. By this, the ex-factory prices of goods and services for all industry increased on average by 4.9 percent in December 2016 relative to the price level recorded in December 2015. However compared to November 2016, the PPI ...

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Inflation drops to 15.4 percent in December 2016

inflation 2

Ghana’s inflation for December 2016, reached 15.4 percent. The figure represents a drop from the 15.5 percent recorded in November 2016. The monthly change rate in December 2016 was 0.9 percent compared to 0.8 percent recorded a month earlier. According to figures released by the Ghana Statistical Service, the year-on-year food inflation rate for December 2016 was 9.7%, compared with ...

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GDP inches to 4% in 2016 3rd quarter


Ghana’s provisional GDP (including oil) for the 3rd quarter of 2016, grew by 4 percent compared to 3.5 percent in the same period of 2015. The services sector recorded the highest growth of 4.7 percent, followed by industry and agric with 3.9 and 2.3 percent respectively. However, the non-oil provisional GDP for the third quarter of 2016, grew by 4.6% ...

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Producer Price Inflation shoots up to 11.9 %

Mr. Baah Wadieh, Deputy Government Statistician

Ghana’s Producer Price Inflation (PPI) for November 2016 reached 11.9 percent, from the 9.7 percent recorded in October. This represents a 1.2 percent increase in the PPI figures recorded between the one month period. According to the Ghana Statistical Service, the utility subsector recorded the highest year on year inflation of 38.3 percent. It was followed by mining and quarrying ...

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