35 articles
Following the drop in inflation rate, the Government Statistician, Dr Alhassan Iddrisu, has said that families can plan their budgets with greater confidence. He said this is the time to track spending on food, rent, and school fees, avoid non-essential expenses, and set aside small savings whenever
Member of Parliament for Karaga and Former Finance Minister Dr Mohammed Amin Adam has touted the achievements of the Akufo-Addo administration in the area of inflation. He recounted that the Akufo-Addo government achieved a single-digit inflation in 2018 and 2019. Achieving a single-digit rate is go
Member of Parliament for Ofoase Airebi, Kojo Oppong Nkrumah, has said that the challenges affecting the production and cultivation of food items have not been resolved. This explains the inability of food prices to drop as quickly as prices of non-food items, he said. Asked why food prices are still
Inflation rate for the month of July 2025 has droped mto12.1% from the 13.7% recorded in June 2025, the Ghana Statistical Service has announced. The Government Statistician, Dr. Alhassan Iddrisu, said that the decline was influenced by a significant slowdown in the general price levels of foodstuffs
Deloitte has projected that Ghana is likely to end the year with a single-digit inflation. The professional services firm stated that the sustained disinflationary trend gives the Bank of Ghana (BoG) sufficient room to resume its interest rate cuts, which could start at its July Monetary Policy Comm
The Ghana Statistical Service (GSS) has announced that inflation rate for June 2025 is 13.7%. The Government Statistician, Dr. Alhassan Iddrisu said at a press conference in Accra on Wednesday, July 2, 2025, that the decline was influenced by a significant slowdown in the general price levels of foo
Government Statistician, Dr. Alhassan Iddrisu, has announced that Ghana’s inflation rate fell sharply to 18.4% year-on-year in May 2025, down from the 21.2% recorded in April. Dr. Alhassan Iddrisu attributed the significant decline to reductions in transport fares and a marked slowdown in non-food i
The inflation rate for September 2024 has increased to 21.5 per cent from 20.4 recorded in August 2024, the Ghana Statistical Service has announced on Wednesday, October 2. The increase is attributed the increase to a rise in food inflation. Food inflation surged to 22.1 per cent from 19.1 in August
The inflation rate for the month of July dropped to 20.9%, the Government Statistician Professor Samuel Annim announced on Wednesday, August 14. This marks the fourth consecutive month of decline in the rate. The drop represents a 2.1 percentage point decrease from June’s 23.0%, signalling a gradual
The Finance Minister, Dr. Amin Adam has said government is committed to reduce inflation to 15% by end of the year 2024.
The inflation rate for the month of June has dropped to 22.8 percent, the Government Statistician, Professor Samuel Kobina Anim, has announced. Prof Anim stated that the drop represents a decline of 0.3 percentage points from that of the month of May which was at 23.1 percent. He said this at a pres
The Ghana Statistical Service (GSS) has announced that inflation for the month of March this year increased to 25.8%. This is up from 23.2% recorded in February 2024. Government statistician Professor Samuel Kobina Annim said at a press conference in Accra on Wednesday, April 10 that the non-food in
A lecturer at the Economics Department of the University of Ghana, Dr Adu Owusu Sarkodie, has answered why people are not witnessing a drop in prices of goods and services despite the downward trend in the rate of inflation. He explained that what is happening with inflation currently is termed in e
The inflation rate has dropped to 26.4% in November 2023 from 35.2% recorded in October 2023, the Ghana Statistical Service has announced. According to the GSS, the major factor that contributed to the drop was food inflation. Food inflation dropped by 12.6% to 32.2% in November 2023. The month-on-m
The Director of Communications of the New Patriotic Party (NPP), Richard Ahiagbah, has called for support for the government as the inflation rate drops. He described the drop in the rate as impressive. "Inflation is down from 40.1% in August, to 38.1% in September, an impressive 2% percentage point
The inflation rate for the month of July 2023 went up to 43.1%, from the 42.2% recorded in June, the Ghana Statistical Service (GSS) has announced. The month-on-month food inflation was, however, 3.8%. Non-Food Inflation stood at 38.3% in July 2023, from 33.4 % recorded in June 2023. The month-on-mo
Ghana’s inflation rate has gone up marginally to 42.2% in May from 41.2 % recorded in April 2023 as food prices soared. Annual price growth quickened to 42.2% from 41.2% in April. Food inflation witnessed a sharp rise to 51.8% last month from 48.7% in April and non-food price growth decelerated to 3
The Ghana Statistical Service (GSS) has announced on Wednesday, May 17 that electricity and gas recorded a 59 percent inflation rate for April 2023. This is an increase of 1.5 percentage points over the March rate of (57.5%). This comes at a time the Public Utilities and Regulatory Commission (PURC)
President Nana Addo Dankwa Akufo-Addo has mismanaged the Ghanaian economy, especially the local currency, Johns Hopkins Professor Steve Hanke has said. Prof Hanke said by his measure, the Ghanaian Cedi has depreciated 47.09% against the USD since January 1, 2022. "Thanks to Pres. Akufo-Addo’s econom
President Nana Addo Dankwa Akufo-Addo has said that the progress that has been made in securing the International Monetary Fund (IMF) Staff Level Agreement, in the debt exchange programme, and the implementation of key structural reforms, are yielding benefits. He said inflation is decelerating, int
