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...
SEC outlines strategies for market stability
Bankers upbeat about long-term growth outlook
Key players in the financial sector are upbeat about the recovery of the broader economy in general, and the sector in particular, with a raft of initiatives outlined to ensure a successful return to the path of...
There is a need to monitor and evaluate existing taxes introduced in the 2023 budget statement, Professor Peter Quartey, Director-Institute of Statistical, Social and Economic Research (ISSER), has argued; noting that this will lessen the tax burden on local businesses and consumers.
He said proper evaluation will tell policymakers which...
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....
Review anti-business taxes
The 2023 budget and economic policy must prioritise economic stability and recovery, with local solutions at the centre, says the Ghana National Chamber of Commerce and Industry GNCCI and the Association of Ghana Industries (AGI).
While calling for a review of what they described as not-too-business-friendly taxes...