Producer Price Inflation For May 2023 Drops To 30.3%
The Producer Price Inflation (PPI) for the month of May, 2023 fell to 30.3%, from the 34.3% that was recorded in April. According to the Ghana Statistical Service (GSS), this….
Tag: Inflation
Inflation To Remain Above 10% Until End-2025 – BoG
Barring any unanticipated shocks, inflation is projected to gradually trend downwards but remain above the upper band of 8±2% until the end of 2025. According to the May 2023 Monetary….
Inflation For May 2023 Increases Marginally To 42.2%
The year-on-year Inflation for May 2023 has increased to 42.2% from 41.2 % recorded in April 2023. The marginal increase was largely influenced by a spike in food Inflation during….
Producer Price Inflation Hits 43.9%
Data from the Ghana Statistical Service (GSS) indicates that the country’s Producer Price Inflation (PPI) has increased to 43.9% for the month of April 2023. What this means is that….
EIU Expects Inflation To End 2023 At An Average 38.1%
Economist Intelligence Unit (EIU) expects inflation to end the year at 38.1 percent on the average, despite a slowdown in monthly inflation over most of the period. According to the….
Economic Instability: We Have Been Indisciplined; We Don’t Learn From Our Mistakes – IEA To Government
The Institute of Economic Affairs has expressed worry about the repetition of past mistakes by governments which has made the Ghanaian economy unstable over the years. According to the economic….
GUTA Urges Members To Reduce Prices Of Goods
The Ghana Union of Traders Association (GUTA) has entreated its members to respond positively to the improved economic position of the country and adjust prices accordingly. According to a statement….
IMF Revises Ghana’s Average Inflation Forecast To 45.4% In 2023
The International Monetary Fund has revised its average inflation forecast for Ghana in 2023 to 45.4%. This is in line with the high prices of foodstuffs and other commodities such….
Inflation To Average 16% In 2024 – Fitch Solutions
Inflation will average 16.0% in 2024, Fitch Solutions has projected. However, it is forecasting inflation to average 37.6% in 2023, higher than the 31.5% recorded in 2022. “As such, we….
February 2023 Inflation Slows To 52.8% To Sustain Downward Trend
Year-on-year Inflation for the month of February 2023 slowed down to 52.8%, the Ghana Statistical Service has pointed out. This is a reduction from the January 2023 estimate of 53.6%,….