Tag Archives: Inflation Rate

Full Text The Vice Chairman of the Bawumia Campaign Team, Nana Akomea, has claimed that the New Patriotic Party (NPP) achieved single-digit inflation in 2017, 2018, and 2019. `He made this statement during an exclusive interview on Joy News’ AM Show on October 7, 2024. Mr Akomea’s claim was part …

The year-on-year rate of inflation for January 2023 was 53.6%, latest figures from the Ghana Statistical Service (GSS) have shown. This means that in the month of January 2023 the general level of prices was 53.6% higher than in January 2022.   This is a 0.5 percentage-point drop relative to …

The Ghana National Association of Authors and Publishers (GNAAP) is instituting a new price increment for books and stationery for schools. The increment which took effect on 8th November 2022 will affect bookshops, basic schools, Junior and pre-tertiary institutions. GNAAP named the current exchange rates, inflation, payment terms, and interest …

Interest rates inched up to 33% to reflect surging inflation and the rapid depreciation of the cedi.   The increase in interest rates is however lower than the current inflation of 37.2% and the rate of cedi depreciation which is more than 50%. This means the real rate of return …

Ghana’s current inflation rate of 29.8% (June 2022, year-on-year) is exactly the same rate recorded in 2003 when the country was under the Highly Indebted Poor Country Programme (HIPC), which started in 2002.           In 2002, Ghana received debt relief amounting to US$275.2 million. The next …

The national year-on-year inflation rate was 11.0% in October 2021 – 0.4 percentage points higher than the 10.6% recorded in September 2021. This means that in October 2021, the general price level was 11.0% higher than in October 2020 According to the Ghana Statistical Service (GSS), month-on-month inflation between August …