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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

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    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

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    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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Inflation for September 2021 jumps to 10.6%; highest figure since August 2020

byMinna Dablu
October 14, 2021
in Business, Top Stories
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Data from the Ghana statistical service has revealed that the year-on-year Inflation rate for the month of September 2021 has jumped to 10.6 percent from the 9.7 percent recorded in August.

According to the Ghana Statistical Service, the figure recorded as inflation for September is the highest since post-COVID-19 which dates back to August 2020.

Addressing Journalists, Government Statistician, Prof. Samuel Kobina Annim added that food inflation in the month of September stood at 11.5 which represents a 0.6 percentage increase in food inflation compared to that of August 2021.

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“The national year-on-year inflation rate was 10.6% in September 2021, which is 0.9 percentage points higher than the 9.7% recorded in August 2021. Month-on-month inflation between August and September 2021 was 0.6% which is 0.3 percentage points higher than what was recorded in August 2021,” he said.

This month, the Food inflation which stood at 11.5% was higher than last month’s 10.9% and just above the average of the previous 12 months.

However, Food inflation contribution to total inflation dropped from 50.2% last month to 48.6% in September. Overall month-on-month food inflation was 0.0%, which is lower than the twelfth month national average month-on-month inflation.

Vegetables, coffee and coffee substitutes, and cereal products were the only subclass that recorded a negative month-on-month inflation.

All the twelve non-Food Division recorded positive month-on-month inflation of max 2.9%.

Meanwhile, Non-Food year-on-year inflation on average went up this month compared to last month (from 8.7% to 9.9%). Out of the 13 Division, six had higher year-on-year inflation in September 2021 than the rolling average over the last 12 months

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