Tag: Inflation
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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…
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133 new items added to inflation basket
The Ghana Statistical Service has announced the rebasing of the calculation of the Consumer Price Inflation effective July this year. This means that the reference year for calculating the change in the prices of goods and services at any particular point, has moved from 2012 to 2017. According to the Ghana Statistical Service, the move…
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BoG to reduce policy rate further – Absa Research
Absa Research says it is anticipating that the Bank of Ghana will reduce its policy rate towards the end of the year in line with recent developments in the economy. Its projection is premised on the fact that inflation which refers to the general rise in the prices of goods and services will reduce in…
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Prices of goods & services to go up with rise in transport fares
Consumers should brace themselves to pay more for the same quantity of goods they purchase at the various markets. This is the warning from an Economist at the University of Ghana, Mr. Adu Owusu Sarkodie. According to him, the development will lead to an increase in the cost of production which producers may have no…
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Ghana’s inflation to hit single digit by April (Article)
Headline inflation increased to 10.6% year on year in February from 10.3% year on year in January, driven largely by higher food inflation. The rise in February’s print was broadly in line with our expectations and does not alter our view on policy rates in the year ahead, particularly as inflation is in an entrenched downtrend.…
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Inflation increases to 10.6% in February
The inflation for February 2018 reached 10.6 percent. This represents a 0.3 percent rise in the inflation rate compared to the January 2018 inflation of 10.3 percent. Inflation measures the average change over time in the general prices of goods and services purchased by consumers within a particular period of time. The Acting Government Statistician,…
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Producer Price Inflation drops to 7.7%
The Producer Price Inflation (PPI) has dropped to 7.7 percent for January 2018. This represents a 1.2 percent reduction compared to the 8.9 percent recorded in December 2017. The Producer price inflation measures the average change over time in prices received by domestic producers for their goods and services. Speaking at a press conference in…
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Declining inflation to trigger lower policy rate (Article)
Inflation fell sharply to 10.3% in January. Headline inflation surprised when it fell sharply in January to 10.3%; year on year from 11.8% in December. This was well below our expectations for a marginal increase to 11.9%, largely owing to base effects. The deceleration in inflation will have been positively received by the Bank of…
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ICU pushes for low inflation to sustain jobs
The Industrial and Commercial Workers’ Union (ICU) has called on government to implement stringent measures that will further lower inflation in the country. According to the ICU, this will ensure that employers are able to sustain jobs and also absorb some of the teeming unemployed youth in the country. The Finance Minister, Ken Ofori-Atta during…