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    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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August PPI hits 11.1 %

bycitibusinessnews
September 28, 2016
in Government, Local Economy, Top Stories
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The Producer Price Inflation (PPI) which measures the prices of goods at the production level has hit 11.1 percent for August 2016.

By this, the figure inched up marginally from the revised 10.4 percent recorded in July 2016 to 11.1 percent in August.

The monthly change rate for August 2016 was negative 3.3 percent.

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The utilities subsector purchase accutane online recorded the highest year-on-year producer price inflation rate of 36.0 percent, followed by the Mining and Quarry subsector which recorded 28.4 percent.

But the manufacturing sub sector recorded the lowest year on year PPI of 2.5 percent.
The figure, which were released by the Ghana Statistical Service (GSS) showed that the manufacturing sector recorded the lowest monthly change rate of negative   4.7 percent.

Also, the Mining and Quarry sub sector recorded a monthly change rate of negative 0.1 percent, while the utilities subsector remained unchanged.

The GSS attributed the increase in utilities like fuel price hikes and performance in the manufacturing sector for the increase .

–

By: Norvan Acquah-Hayford/citibusinessnews.com/ Ghana

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