Tag: Tsonam Cleanse Akpeloo
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Increasing policy rate to check inflation not working, review approach – AGI to BoG
The Association of Ghana Industries (AGI) admonishes the central bank to review its strategy of an upward adjustment in the policy rate to check inflation. AGI thinks that the approach has over the period failed to address the challenge with inflation currently standing at over 40 per cent despite consistent hikes in the policy rate.…
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Ghana to lose out on AfCFTA gains due to high cost of doing business- AGI
As the cost of doing business continues to rise in the country, the Association of Ghana Industries (AGI), is cautioning that Ghana could miss out on the expected benefits from the much-touted African Continental Free Trade Area (AfCFTA). Data from the Ghana Statistical Service shows that the year-on-year producer price inflation which measures the average…
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A continuous rise in input prices will lead to higher commodity prices – AGI
The Association of Ghana Industries (AGI), is warning that prices of final goods will continue to rise if the high Producer Price Inflation rate in the country is not checked. Data from the Ghana Statistical Service shows that the year-on-year producer inflation for all industries was 29.3 % in March 2022. The 29.3 percent year-on-year…