The Producer Price Inflation (PPI) rate has recorded a marginal decrease of 0.8 percentage points as the ex-factory prices of goods and services hit 12.8 percent in December 2021, recently-released provisional data from the Ghana Statistical Service (GSS) has shown.
The figure represents year-on-year rate of change from December 2020...
The post COVID world has been observing massive heights in product price/inflation. However, it remains a grey area if the trajectory is long or short. Let’s first go through detrimental aspects of inflation in terms of the economic environment, global supply chain, policy regulations, demand factors, cost-push factors, rising...
Finance Minister, Ken Ofori-Atta, indicates that government has officially written to parliament on modifications that has been made to the 2022 budget.
According to the Minister, modifications have been made to four key issues out of the five raised by stakeholders including the Minority including Agyapa Royalties deal, tidal waves...
As the finance minister engages stakeholders in preparing the 2022 national budget, civil society organisation ‘Economic Governance Platform’ (EGP) has advised government to make debt sustainability a key factor in its economic policy going forward.
The group made the call after releasing a report that assessed the country’s growing debt...
For the economy to have a speedy and steady recovery from the pandemic’s impact, there is a need for government to use innovative means to generate more domestic revenue in order to close the gaping fiscal gap that has stemmed from rising expenditure, a report by the research department...
-A step in fighting money laundering and terrorist financing.
“Not guilty on until proven guilty in a court of competent jurisdiction”. This is a common statement in various spheres of the legal fraternity and also in any community where justice takes centre stage of events. However, that statement brings...
An open letter to the Minister for Finance and Economic Planning
Can we afford a Ghana with: no bad roads; decent homes for the working class; free quality tertiary education; an efficient, free national health care system; clean cities; decentralised infrastructure; full employment; a social safety net for the vulnerable...
The Union of Industry Commerce and Finance Workers (UNICOF), one of the youngest and well managed labour unions, is making great impact in the formal and informal sectors of the economy.
An offshoot of Industrial and Commercial Workers Union (ICU), UNICOF has well strategized mission and vision which have made...
The country’s total revenue for July 2020 has showed significant improvement, even surpassing the target, amid lingering pressures from the coronavirus pandemic which have led to deceased economic activity.
Data from the Bank of Ghana’s Monetary Policy Committee (MPC) report show that total revenue and grants for July exceeded the...
Why are stock-market valuations soaring when the real economy remains so fragile? One factor has become increasingly clear: The crisis has disproportionately affected small businesses and low-income service workers.
They are essential for the real economy, but not so much for equity markets. True, there are other explanations for today’s...