Tag: GSS
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Rate for PPI falls to 28.3 % in August 2023
Recent data from the Ghana Statistical Service (GSS), show that the Producer Price Inflation (PPI) for the month of August 2023 fell marginally to 28.3% from the 32.9% recorded in July 2023. This represents a 4.6 percentage point decrease in producer inflation relative to the rate recorded in July 2023 PPI is the average price…
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GSS to conduct census of formal and informal businesses
To enhance decision-making for businesses to thrive, the Ghana Statistical Service (GSS) has announced that it will conduct a comprehensive census of informal and formal businesses across the country. The exercise according to the Service will be conducted in two phases with the initial one to be held in mid-October 2023 and the second phase…
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GSS pushes for diversification of the local economy
The Ghana Statistical Service (GSS) is pushing for the transformation of the local economy from one driven by micro and small industries to one that is largely supported by a diversification in the medium and large scales industries. According to the Service, this will give a boost to the economy and ensure the growth of…
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IBES committee inaugurated to proffer innovative policies for national development
The National Steering Committee of the Integrated Business Establishment Survey (IBES) has been encouraged to ensure that its 2023 report gives innovative backing to businesses across the country. This, according to the Ministry of Finance, will help shape relevant policies to stimulate the profiling of the country’s Gross Domestic Product (GDP) and other critical economic…
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PPI drops to 30.3% for May 2023 – GSS
Recent data from the Ghana Statistical Service (GSS), indicates that the Producer Price Inflation (PPI) for the month of May, 2023 fell to 30.3%, from the 34.3%, recorded in April. This figure represents a 4.0 percentage point decrease in producer inflation relative to the rate recorded in April 2023 (34.3%). The month-on-month change in the…
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Inflation falls for fourth consecutive time, now at 41.2%
Inflation has dropped to 41.2 percent for the month of April 2023. This represents a 3.8 percentage point decrease from the 45.0 percent recorded in March 2023. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday, May 10, 2023. Per the data, food inflation also…
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All is not lost: Govt reacts to GSS’ 1.76 million unemployment report
The Deputy Minister of Employment and Labour Relations, Bright Wereko-Brobby, says the unemployment rate cited in the Ghana Statistical Service’s (GSS) labour statistics report is not as bad as it looks. Data from the Ghana Statistical Service indicate that about 1.76 million persons were unemployed by the third quarter of 2022. The report further indicated…
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GSS’ data on 1.76m unemployed persons alarming – Economist
Economics lecturer at the University of Ghana, Professor William Baah-Boateng, says the data on persons unemployed in the country is alarming. Data from the Ghana Statistical Service indicated that about 1.76 million persons were unemployed by the third quarter of 2022. The report further indicated that two out of every 3 persons employed during the…
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2.5m youth were not in employment, training or education by 3rd quarter of 2022 – GSS
About a quarter of the population aged between 15 to 35 years, representing 2.5 million persons were not in employment, education or training across the country by the third quarter of 2022, according to the latest labour statistics report from the Ghana Statistical Service. The report also indicated that the highest rates of such cases…
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Over 200,000 persons moved from industry to agric, service sectors in Q1 of 2022 – GSS
The Ghanaian economy witnessed some changes in employment trends in the year 2022, according to the Quarter 3 Labour Statistics report by the Ghana Statistical Service. In the first quarter of the year, 217,000 persons who were employed in the industry sector transitioned to Agriculture and Services sectors. The agriculture sector absorbed a net of…