Tag: Ghana Statistical Service
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Greater Accra is most expensive region in Ghana, Ashanti among the cheapest — GSS
An analysis of the Ghana Statistical Service’s data on inflation for 2019 shows that Greater Accra was the most expensive region for consumers over the past 12 months. The country’s statistical agency which collects data on the changes in prices of food and non-food items on Wednesday, released its December 2019 data which showed that…
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Oil and Gas capital expenditure to grow by 18 percent in 2019 — GSS
The Ghana Statistical Service is projecting that the total volume of capital expenditure in the oil and gas sector will be in excess of US$3.1 billion by the end of 2019. The projected figure represents an 18 percent increase in the US$2.62 billion recorded in the oil and gas industry in 2018. Total investment expenditure…
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Ghana records slowest GDP growth in 12 months
Provisional figures released by the Ghana Statistical Service shows that Ghana’s Gross Domestic Product, which is the total value of everything produced in the country grew by 5.6 percent in the third quarter of 2019. This is the slowest growth rate for Ghana’s economy since the second quarter of 2018. The economy grew at 5.4…
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Inflation inches up for the second consecutive month
Inflation has continued its upward trajectory for the second month running, rising to 8.2 percent in November, the Ghana Statistical Service has said. The increase recorded last month, represents a 0.5 percentage points increase in the October 2019 inflation of 7.7 percent. The Statistical Service three months ago, using a new series, announced inflation had…
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September inflation declines to 7.6 percent
The average movement of prices of goods and services over a 12-month period measured as inflation declined to 7.6 percent, the Ghana Statistical Service (GSS) has said. The September inflation recorded a 0.2 percent decrease from the 7.8 percent recorded in August. The announcement by the statistical agency means that within the last 12 months,…
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Delegation from Ghana Statistical Service visits Denmark
A delegation from the Ghana Statistical Service led by the Government Statistician, Prof. Kobina Annim is visiting Denmark on a study trip, from August 17-22, 2019 as part of the Strategic Sector Cooperation programme between Statistics Denmark and Ghana Statistical Service. The purpose of the trip is to exchange knowledge with experts in Statistics Denmark…
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Activities in mining and quarrying push June PPI to 7.6%
The Producer Price Inflation (PPI) for June 2019 has increased to 7.6 percent compared to the same period in the previous year. This rate represents a 0.9 percentage point increase in the producer inflation relative to the rate recorded in May 2019 which was 6.7 percent. The Producer Price Index measures the average change over…
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Inflation rate for May declines to 9.4 percent
The inflation rate for May 2019 dropped marginally to 9.4 percent from the 9.5 percent recorded in April 2019. This represents a 0.1 percentage point decrease. According to the Ghana Statistical Service (GSS), the price drivers for last month’s rate were food and non-food items. In an interview with Citi Business News, the Deputy Government…
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Rising inflation rate could derail economic targets—Prof. Quartey
Professor of Economics at the Institute of Statistical Social and Economic Research (ISSER) Prof. Peter Quartey, has expressed concerns about the rising inflation rate in the country. From the beginning of the year, the Consumer Price Inflation (CPI) rate has risen consecutively on 3 occasions. The CPI, which measures the change over time in the…
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April inflation rises marginally to 9.5 percent
Inflation recorded for April 2019 rose marginally to 9.5 percent year-on-year. April’s inflation is an increase over the March figure of 9.3 percent. Despite the slight increase, the year-on-year comparison indicates a drop in the inflation rate from the 9.6 percent recorded in April 2018 to 9.5 percent in April 2019. Presenting the figures to…