This rate is 1.7 percent lower than the rate recorded in December 2016 which was 4.9 percent. The monthly change rate for January 2017 was 2.1 percent. According to the Ghana Statistical Service, the Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 18.6 percent, followed by the Manufacturing sub-sector with … Read more
Private sector businesses have strongly advocated an optimal inflation target to guide economic policies that support private sector growth. They argue that the current drop in inflation while other factors such as interest rates and depreciation remain unchanged, make it difficult for them to plan and expand their business operations. “I think that as a … Read more
The inflation rate for January 2017 is 13.3 per cent, a drop from the 15.4 percent recorded in December 2016, Government Statistician Baah Wadieh has announced. Food inflation dropped to 7 percent while the nonfood inflation also dropped to 16.6 percent. Among the regional differentials, the Upper West Region recorded the highest combined inflation rate … Read more
Ghana’s inflation for the first month of 2017, January recorded 13.3 percent. The figure dropped by 2.8 percent from the 15.4 percent recorded in December 2016. Ghana started 2016 with an inflation of 19 percent; increasing to 19.2 percent in March and further increasing to 18.9 percent in May and subsequently 17.2 percent in September … 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
Ghana’s Consumer Price Inflation continues to decline as it dropped further to 15.5 percent in November from the 15.8 percent record in October 2016, down by 0.3 percentage points. The monthly change rate for November stood at 0.8 percent compared with the 1.4 percent recorded for the month of October 2016. Data from the Ghana … 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 Producer Price Index (PPI) which measures the average change over time in the prices received by domestic producers for production of their goods and service has marginally increased to 9.8% in October. The rate indicates that between October 2015 and October 2016(year-on-year) the PPI increased by 9.8 percent. This rate represents a 0.1 percentage … 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
The year-on-year inflation rate fell to 15.8 per cent in October, down from 17.2 per cent recorded in September, Mr Baah Wadieh, Deputy Government Statistician, said on Wednesday. The monthly change rate for October was 1.4 per cent compared to the 0.2 per cent for September. Mr Wadieh said the non-food group recorded a year-on-year … Read more
Producer prices in the country for September 2016 have seen a decrease as the Ghana Statistical Service (GSS) has announced that the Producer Price Index (PPI) has declined to 9.7percent from 11.2percent recorded in August. This means that, on an annual basis, between September 2015 and September 2016, the PPI increased by 9.7 percent. However, … Read more