Tag: Ghana Statistical Service
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September inflation falls to 38.1% from 40.1%
Ghana’s inflation rate fell to 38.1% in September 2023, from 40.1% in August, according to the Ghana Statistical Service (GSS). The GSS said the decline in inflation was due to a decrease in the prices of food and non-food items. Food inflation fell from 51.9% in August to 49.4% in September, while non-food inflation fell…
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Ghana’s economy grew by 3.1 percent in 2022 – GSS
Latest data from the Ghana Statistical Service, GSS has revealed that Ghana’s economy has expanded by 3.1% in 2022. According to the GSS, this is dip as compared to the 5.1 percent record in the year 2021. The data also shows that the economy grew by 3.7 percent in the fourth quarter of 2022. Addressing…
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Producer Price Inflation decreases marginally to 52.1% in January 2023
Recent data from the Ghana Statistical Service, GSS, indicates that the Producer Price Inflation (PPI) for the month of January, 2023 fell marginally to 52.1%, from the 52.2% recorded in December 2022. Producer price inflation is the average prices of goods and services received by domestic producers for their production activities. Per the latest data…
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Effect of cedi depreciation on inflation expected to continue – GSS
The Ghana Statistical Service has cautioned that the continuous depreciation of the local currency could continue to adversely impact the country’s inflation. Recent Data released by Service shows that the continuous hikes in prices of food, transport, water, and other fuels pushed Ghana’s inflation rate to hit 40.4 percent for the month of October. Addressing…
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NDPC promises to work with gov’t to check food insecurity, unemployment rate
The National Development Planning Commission has pledged its commitment in working with the government to institute policies that will reduce the rate of poverty, food insecurity and unemployment in the country. This follows the release of the Annual Household Income and Expenditure Survey by the Ghana Statistical Service which showed that 49.1 percent of the…
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About 6.4 million Ghanaians simultaneously food insecure and poor – GSS
The Ghana Statistical Service (GSS) has revealed that about 6.4 million Ghanaians are simultaneously food insecure and multidimensionally poor. This represents 20.8 percent of the total population of Ghana. According to the Service’s 2022 Annual Household Income and Expenditure Survey, 13.6 million people, 44.1 percent of the population, were found to be multidimensionally poor in…
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Almost 50% of Ghana’s population experiences food insecurity – GSS Survey
Data from the 2022 Annual Household Income and Expenditure Survey has revealed that 49.1 percent of the Ghanaian population was food insecure in the first quarter of the year. This represents 15.1 million of the 30.8 million persons in Ghana. The percentage however dropped by 7 percentage points to 42.1 percent in the second quarter;…
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About GH¢5 billion was paid as bribe in private, public sectors in 2021 – GSS
A survey by the Ghana Statistical Service and its partners has revealed that an estimated amount of GH¢5 billion was paid as bribes in the year 2021. The report dubbed ‘2021 Ghana Integrity of Public Services Survey’ indicates that 26.7% public sector officials and 9.1% private sector players engaged in bribery acts. The survey was…
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Economy grows by 3.3% in Q1 of 2022; slowest since Q3 of 2020
Ghana’s economy has grown by 3.3 percent in the first quarter of 2022. This is the slowest rate of growth recorded since the third quarter of 2020, when the economy recorded a -3.3 percent growth. Non-oil Gross Domestic product, which looks at economic growth without oil, also expanded by 3.7 percent. When seasonally adjusted, Ghana’s…
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Inflation continues upward surge; hits 27.6%
Ghana’s inflation has soared again to hit 27.6 percent in the month of May 2022. This represents a four percentage points increase in the inflation rate compared to the 23.6 percent recorded in April 2022. On a monthly basis, inflation however dropped by one percent to record 4.1 percent in May 2022. This was captured…