A surprise uptick that saw inflation reach 21.5 percent in September has seen the Bank of Ghana (BoG) revise its year-end inflation target to 18 percent, citing upside risks including some geopolitical developments.
Governor Ernest Addison announced the adjustment during a joint press briefing with the International Monetary Fund (IMF)...
A major breakthrough has been achieved with the successful restructuring of a US$13billion Eurobond debt, Finance Minister Dr. Mohammed Amin Adam has announced.
Emphasising the importance of this achievement, Dr. Adam stated: “We are poised to turn the page on our restructuring journey and embark on a new chapter of...
By James K. GALBRAITH
Google “shamanism” and you will find that it is “a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness.”
Every element of that definition applies to monetary policymaking today,...
Cost of government short-term borrowing is projected to decrease in second half of the year, coinciding with an anticipated decline in inflation. Interest rates tumbled once again across the yield curve, in line with falling inflation.
Treasury bill (T-bill) yields resumed their decline following a 190 basis points (bps) decrease...
Consumer inflation eased further in December 2023 - closing at 23.2 percent, down from November's 26.4 percent per data from the Ghana Statistical Service (GSS).
This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation.
Cumulatively, inflation dropped 30.4 percent during 2023 while average...
In a surprising turn of events, the headline inflation rate has dipped from 43.1 percent in July 2023 to 40.1 percent in August - defying market expectations.
The Ghana Statistical Service’s (GSS) latest data indicate that the decline can largely be attributed to a decrease in food inflation - a...
Consumer inflation rose to 42.50 percent in June 2023 from 42.2 percent the previous month, in line with expectations.
The rise, Ghana Statistical Service (GSS) said, is attributed to renewed price risks stemming from the implementation of revenue and utility tariff measures in May of this year.
It was driven primarily...
Consumer inflation has further declined to 52.8 percent in February 2023 from 53.6 percent the previous month, easing price pressures since January 2023.
Inflation peaked around 54.1 percent in December, 2022, accelerating for 19 consecutive months, according to data from the Ghana Statistical Service (GSS). The February 2023 inflation declined...
Consumer inflation declined to 53.6 percent in January, marking the first time in the last 19 months that a fall in the year-on-year inflation rate has been recorded.
The inflation rate had accelerated for 19 consecutive months, ending at 54.1 percent year on year in December 2022 according to data...
Data from Ghana Statistical Services (GSS) show there has been a substantial drop in Producer Price Inflation (PPI) - from 78.1 percent in November 2022 to 52.2 percent in December 2022.
This represents a 25.9 percentage point decrease in producer inflation relative to the rate recorded in the previous month....