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    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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PPI hits highest rate ever

bycitibusinessnews
August 27, 2014
in Business, Local Economy, News
Philomena Nyarko, Government Statistician

Philomena Nyarko, Government Statistician

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Producer Price Inflation (PPI) for the month of July hit 47.4%, the highest rate ever recorded in Ghana.

The Producer Price Inflation rate measures the average change over time in the prices received by domestic producers for their production of goods and services.

The July rate of 47.4% increased from the 33.1percent recorded in the month of June, 2014.

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The monthly inflation rate was also at a very high rate of 10.2percent increasing from 0.7percent recorded in the month of June.

The utilities group recorded the highest rate of inflation of 76.8percent.

Gold pushed upwards the inflation for the mining and quarrying sector.

It recorded an inflation rate of 50.9%.

A challenging business environment however shot up prices of manufacturing companies.

The sector recorded an inflation rate of 40.3 percent.

In this group, refined petroleum and nuclear fuel recorded the highest inflation rate of 77.3percent.

 

By:  Kwaku Anim Boadu/citifmonline.com/Ghana

 

 

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