Tag: GSS
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1.76m persons were unemployed by third quarter of 2022 – GSS
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 that two out of every 3 persons employed during the period were in vulnerable employment. “The definition for vulnerable employment includes; are you self-employed without your colleagues, are you a contributing…
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Two-thirds of Ghana’s unemployed population are women – GSS Report
The 2022 Annual Household Income and Expenditure Survey Third Quarter Labour Statistics Report launched in Accra today has revealed that two out of every three unemployed persons in the country are females. The Government Statistician, Professor Samuel Kobina Annim, emphasized that the high rates of female unemployment were not solely due to their gender. Professor…
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Mining propels Ghana to beat growth estimates in fourth quarter
Ghana’s economy grew more than forecast in the last quarter of 2022, even as the nation dealt with inflation well above 40%, a debt-payment moratorium and rising interest rates. Gross domestic product expanded 3.7% from a year earlier in the three months through December, compared with upwardly revised growth of 3.1% in the previous quarter,…
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Producer Price Inflation drops to 43.7% in March 2023
The Ghana Statistical Service has reported a decrease in the year-on-year inflation at factory gate prices for all goods and services to 43.7% in March 2023, down from 50.8% in February 2023. This decline is consistent with the Consumer Price Inflation which also fell to 45.0% in March 2023. The data shows a monthly producer…
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GSS projects 4.3 million tourist arrivals in Ghana by 2027
The Ghana Statistical Service (GSS) is projecting that about 4.3 million individuals will arrive in the country by 2027 as tourist arrivals . This, the GSS believes, if properly optimized by industry players, will help boost the local economy. The Service maintains that is committed to helping the various ministries set clearer statistical targets which…
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Tourism sector can generate $1.5bn, numerous job opportunities – GSS
According to the Ghana Statistical Service, the government could generate approximately $1.5 billion by 2027 if it fully exploits the potential of the tourism industry. The Service further states that developing the sector could help address the issue of high youth unemployment by providing economic opportunities. At the launch of the 2023 Domestic and Outbound…
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Inflation could anchor at 28% before end of 2023 – Courage Boti
Economist and currency analyst at GCB Capital Limited, Courage Boti is hopeful of a sharper decline in the country’s inflation as he predicts the year 2023 could end with a rate of about 28 percent. His comment comes on the back of a significant drop in inflation with the month of March recording 45% from…
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March inflation drops to 45.0%
Inflation has dropped significantly to 45.0 percent for the month of March 2023. This represents a 7.8 percentage point decrease over the 52.8 percent recorded in February 2023. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday. Per the data, food inflation also stood at…
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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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Men in public sector earn more salaries than women – GSS report
Men working in the public sector earn higher salaries than women in the same sector. This was contained in a report released by the Ghana Statistical Service (GSS) themed “Ghana 2022 earnings: Inequality in the public sector”. GSS in the report disclosed that men have a higher average monthly net salary of GH₵2,669 as against…