Every business in Ghana that buys in US$ and sells in GH¢ is most concerned and affected by the Ghana cedi depreciation. This is because the currency depreciation requires them to use more GH¢ to purchase the same US$ - hence causing forex-driven inflation in addition to demand and...
“Priorities Maxwell!!! There are increased fuel prices, higher cost of living, rising inflation, not to mention COVID, Monkeypox and other health issues and you choose to write about “noise”?? Well……yes. It’s been on my mind ever since moving to the countryside and there is plenty of literary material around...
The value of stocks traded on the Ghana Stock Exchange (GSE) reached an all-time-high (ATH) in May, as the local bourse saw shares worth GH¢607.31million change hands.
The uptick in market activity ensured that by end of the period the cumulative value of shares traded on a year-to-date (YtD) basis...
Channelling SDRs to avert Africa debt crisis
The African Development Bank has called on rich countries to lend it some of the $650 billion of special drawing rights issued to them by the IMF as part of the fund’s response to the coronavirus pandemic. The whole of Africa received less than...
Just over two years after COVID-19 caused the deepest global recession since World War II, the world economy is again in danger. This time, it is facing high inflation and slow growth simultaneously. Even if a global recession is averted, the pain of stagflation could persist for several years...
Attempts to cool off inflationary pressures remain unsuccessful, as consumer inflation increased almost four-fold to 27.6 percent year on year from 7.5 percent last year.
Consumer inflation - which measures changes in the price of a fixed basket of goods and services purchased by households in the country - increased...
For a third consecutive month, in May 2022, dampening liquidity conditions on the money market continued to weigh on government’s auction target as GH¢6.43billion target size was missed.
A total amount of GH¢4.60billion was raised from the market during the month under review, indicating a shortfall of 28 percent compared...
Inflation is simply the general increase in prices of goods and services over time. As the rate of inflation increases, your purchasing power reduces. In effect, when there is high inflation, your money is unable to buy as many things as it did before.
What Causes Inflation?
A mix of demand-pull...
Output and new orders fall at accelerated pace
Output price inflation quickens to fresh series high
Vendor performance improves to second greatest extent on record
May PMI data for Ghana pointed to a fourth successive monthly deterioration in business conditions as output fell at the quickest rate for just...
EU eyes African aid package amid food supply issues
EU sanctions on Russian banks are exacerbating Africa’s growing food crisis by making it difficult to pay for wheat exports, according to African Union chair and Senegal President Macky Sall. He told EU leaders that the worst is still ahead if...