Tag: Ghana Statistical Service
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Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has stated that government is committed to building an entrepreneurial society to help reduce the imported inflation. His comments come as recent data from the Ghana Statistical Service indicates that the continuous increase in transport fares and food prices across the country has pushed the national year-on-year inflation for April 2022 to…
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Stakeholders call on policy makers to address upsurge in prices of goods
Following the recent announcement on the rise in the inflation rate in the country, industry players have intensified calls for an intervention to check the rising prices of goods and services in the country. Ghana’s economy has in recent times experienced a downturn. Stakeholders have cited the depreciating cedi, spike in fuel prices, inflation rates…
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Ghana Statistical Service inaugurates new board
The Honourable Deputy Minister of Finance, Dr John Kumah, today inaugurated the Governing Board of the Ghana Statistical Service and charged the members to provide the needed guidance and assistance to the Management of Service. He further asked the Board to among others: (i) Work towards expanding the Establishment Post of the Service by ensuring…
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GDP growth rate increases to 5.4% in 2021; exceeds 5.1% budget target
Provisional figures released by the Ghana Statistical Service show that Ghana’s economy grew by 5.4% in 2021. The figure which was released by the Government Statistician shows that the growth rate of the economy exceeded the 2021 Gross Domestic Product (GDP) growth rate of 5.1 percent captured in the 2021 mid-year budget. Ghana’s economy grew…
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Manufacturing sub-sector pushes PPI for March 2022 to 29.3% from 21.4%
The year-on-year producer price inflation for March 2022 has risen to 29.3 percent, according to data from the Ghana Statistical Service. This rate represents a 7.9 percentage point increase in the average price of goods and services received by domestic producers in the country for their production activities relative to the 21.4 percent recorded in…
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Hike in prices of food, transport and housing push inflation for March 2022 to 19.4%
Significant increases in the prices associated with food, transport and housing have pushed the national year-on-year inflation for March 2022 to 19.4 percent. This is according to the latest data from the Ghana Statistical Service. The rate is a 3.7 percentage points higher than the 15.7 percent recorded in February 2022. The rise in the…
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Food, fuel prices push inflation rate to 15.7% in February 2022
Ghana’s inflation rate has once again risen to hit 15.7 percent in February 2022. This represents a 1.8 percent jump in the inflation rate compared to the 13.9 percent recorded in the first month of this year. The current rate is the highest recorded since the rebasing of the CPI and inflation in August 2019.…
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COVID-19: Govt’s stimulus packages impacted positively on beneficiary firms – GSS Survey
Recent data from the COVID-19 Business tracker survey for wave III conducted by the Ghana Statistical Service, GSS, between 1st and 30th September 2021, has revealed an improvement in sales of some Small and Medium-sized Enterprises as a result of the government’s stimulus packages. The positive effect was evident amongst small businesses as their sales…
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Ghana lost about GH¢200 million in sales in 2020 due to COVID-19 – Study
Ghana recorded about GH¢200 million dip in sales, representing 61 percent from May to September 2020 as a result of COVID-19, a joint study conducted by the UNDP, World Bank and Ghana Statistical Service and a business tracker study has revealed. Professor Kwesi Amponsah-Tawiah, from the University of Ghana Business School, made this known, during the…
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Ghana’s 1st quarter GDP growth reduces to 3.1%, lowest since 2019
Ghana has recorded a Gross Domestic Product (GDP) growth rate for the first quarter of 2021 at 3.1% The figure which includes Oil and Gas is lower than what was recorded in the same period last year which saw a growth rate of 7.0% making it the lowest first quarter figure recorded since 2019. GDP…