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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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Inflation hits 16.8 percent

bycitibusinessnews
May 13, 2015
in Banking And Finance, Business, News
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Inflation for the month of April increased to 16.8% from the 16.6% recorded in March 2015.

[contextly_sidebar id=”rQWczSMFp0xY6wdbfwjfbyfaXXQk50PD”]The monthly change rate for April was 1.8% while that of March was 1.0%.

The food inflation for April was 7.2% same as March 2015 while non food inflation recorded 23.2% moving up 0.1% from that of March 1015 which was 23.1%.

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The main price drivers for non food inflation rate were housing, water, electricity, gas and other fuels which was at 25.0%, transport 24.5%, and clothing and foot wear 23.7%.

The consumer price index measures the change over time in the general price levels of goods and service that households require for the purpose of consumption.

Speaking to Citi Business News Government Statistician Dr. Philomena Nyarko predicted there will be price stability if there is an increase in local production which she says will bring about a drop in inflation figures.

The year on year on inflation rate for imported items was 19.7% for April 2015 while that for locally produced items was 15.6%.

Central region again recorded the highest combined inflation of 18.9% and non food inflation rate of 26.2% while the Eastern region recoded the lowest inflation rate of 14.1% for April 2015.
–
By: Norvan Acquah – Hayford/citifmonline.com/Ghana

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