Browsing: Inflation
The consumer price inflation rate climbed to 23.8% in December 2024, far exceeding the government’s target of 15%. This increase…
Inflation is expected to end 2025 within the range of 10% to 12%. According to Databank Research, this will potentially…
The resultant of rising inflation is that, businesses face higher costs while consumers have to cut spending, worsening the ongoing cost of living crisis”, Deloitte, the globally acclaimed professional services firm, shared in its November 2024 Inflation Update.
Ghana’s inflation rate for November 2024 has risen to 23%. This marks the third consecutive monthly increase after a five-month…
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, noted that the recent cedi appreciation is due to deliberate intervention by the Bank of Ghana (BoG) ahead of the election.
The economist further notes that although Ghana’s economy has witnessed some recovery, it is not yet back to where it was prior to the outbreak of the COVID-19 pandemic.
The Producer Price Inflation (PPI) rate for October 2024 shot up by 2.5 percentage points to 33.0%. This was from…
He said this last week, when he commissioned The Bank Square, the magnificent new headquarters of the Bank of Ghana, located in the heart of Accra.
Bank of Ghana was granted operational independence to use whichever policy tools it sees appropriate to stabilise inflation around the target band.
Inflationary pressures have intensified in recent times, leading to a general increase in the prices of goods and services The…