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Tag Archives: Inflation

Ghana’s inflation to hit single digit by April (Article)

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Headline inflation increased to 10.6% year on year in February from 10.3% year on year in January, driven largely by higher food inflation. The rise in February’s print was broadly in line with our expectations and does not alter our view on policy rates in the year ahead, particularly as inflation is in an entrenched downtrend. With the policy stance still ...

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Inflation increases to 10.6% in February

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The inflation for February 2018 reached 10.6 percent. This represents a 0.3 percent rise in the inflation rate compared to the January 2018 inflation of 10.3 percent. Inflation measures the average change over time in the general prices of goods and services purchased by consumers within a particular period of time. The Acting Government Statistician, Baah Wadieh attributed the increase ...

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Producer Price Inflation drops to 7.7%               

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The Producer Price Inflation (PPI) has dropped to 7.7 percent for January 2018. This represents a 1.2 percent reduction compared to the 8.9 percent recorded in December 2017. The Producer price inflation measures the average change over time in prices received by domestic producers for their goods and services. Speaking at a press conference in Accra, Acting Government Statistician, Baah ...

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Declining inflation to trigger lower policy rate (Article)

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Inflation fell sharply to 10.3% in January. Headline inflation surprised when it fell sharply in January to 10.3%; year on year from 11.8% in December. This was well below our expectations for a marginal increase to 11.9%, largely owing to base effects. The deceleration in inflation will have been positively received by the Bank of Ghana’s MPC, which was concerned ...

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ICU pushes for low inflation to sustain jobs          

Solomon Kotei - General Secretary, ICU

The Industrial and Commercial Workers’ Union (ICU) has called on government to implement stringent measures that will further lower inflation in the country. According to the ICU, this will ensure that employers are able to sustain jobs and also absorb some of the teeming unemployed youth in the country. The Finance Minister, Ken Ofori-Atta during the 2018 budget presentation, announced ...

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Inflation drops again to 11.6%

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The Consumer Price Inflation (CPI) has dropped again to 11.6 percent in October 2017. The figure went down by 0.9 percent from the 12.2 percent recorded in September 2017. This is the seventh time that inflation has dropped this year with some marginal increases between the ten month period [January to October 2017]. The CPI measures the average change over ...

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Inflation drops marginally to 12.2% in September

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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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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

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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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