Inflation rate for January 2018 dropped by 1.5% from the 11.8% recorded in December last year to was 10.3%. Acting government statistician, Dr. Baah Wadieh, attributed the decrease to a base-drift effect associated with fall in prices of major food and non-food items, especially those produced locally. “There were reduction in the inflation rates in … Read more
Inflation for the month of May 2017 dropped marginally to 12.6 per cent as against the 13 per cent recorded in April 2017. This is the lowest inflation rate since December 2013. The monthly change rate in the May 2017 inflation was 0.7 per cent while that of April 2017 was 1.6 per cent. Inflation … Read more
The year-on-year Producer Price Index (PPI) for March 2017 increased from 5.4 percent in February to 6 percent in March. Data from the Ghana Statistical Services (GSS) showed that the figure is 0.6 percent higher than the figure recorded in February while the monthly change rate for producer inflation was 1.4 percent in March 2017. … Read more
A shutdown of the country’s oil and gas fields last year caused Ghana’s economy to grow at the slowest pace in 26 years. Baah Wadieh, acting government statistician, told a news conference on Wednesday in Accra that from 3.9 percent in 2015, Ghana’s gross domestic product declined to 3.5 percent in 2016. GDP in the … Read more
The Ghana Statistical Service (GSS) has announced that the Producer Price Inflation (PPI) which measures the average change over time in the prices by domestic producers of goods and services has increased to 6.0 percent for March, 2017. The rate represents a 0.6 percentage point increase in producer inflation relative to the rate recorded in … Read more
Inflation rate for March has declined to 12.8 per cent from the 13.2 per cent recorded in February. This rate is the lowest since December, 2013. This means prices of goods and services were fairly stable during the review period. The year-on-year non-food inflation rate for March 2017 was 15.6 per cent compared with the … Read more
More?than one million Ghanaians, constituting about 12 per cent of the labour force, are unemployed, a study conducted by the Ghana Statistical Service (GSS) in 2015 has revealed. Out of the number, more than 700,000, constituting 12.5 per cent, are females, while 500,000, representing 11.5 per cent, are males, indicating that more females are likely … Read more
Ghana has recorded a 13.2% in its year-on-year inflation for February 2017 being the lowest inflation recorded since December 2013. The figure represents a drop of 0.1% points, from the 13.3% recorded in January 2017. This is the fifth consecutive time that inflation has dropped since October 2016. The monthly change rate for February 2017 … Read more
Economist Professor Godfred Bokpin has predicted of a drop in inflation to single digits in the short to medium term. It follows what he describes as weak volatilities with the main price drivers of inflation such as utility prices and transport fares. “As a result the major drivers do not exhibit higher volatility going forward … Read more
Economist Professor Godfred Bokpin has predicted of a drop in inflation to single digits in the short to medium term. It follows what he describes as weak volatilities with the main price drivers of inflation such as utility prices and transport fares. “As a result the major drivers do not exhibit higher volatility going forward … Read more
The Ghana Statistical Service has launched the Second National Strategy for the Development of Statistics (NSDS II) to cover the period 2017-2021. NSDS II The NSDS II provides strategic direction for the production of statistical data and information in the country for the next five years. It also takes into account the priority statistical activities … Read more
The Ghana Statistical Service (GSS) has announced that it has commenced works to rebase the Consumer Price Index(CPI) used to measure the country’s inflation from the current base year of 2012 to a new base year of 2017. According to the service, the rebasing will also enable the restructuring of prime building cost index, which … Read more