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....
As the largest contributor to Ghana's Gross Domestic Product (GDP), accounting for over 50% of GDP, agriculture is essential for the country's overall economic development. In addition, it generates roughly 60% of export revenue. It economically supports 80% of the people, whether directly or indirectly, through farming, the sale...
According to Britannica (2022), industrialization in history refers to the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. These technological changes introduced novel ways of working and living and fundamentally transformed society.
This process started in 18th-century Britain. From there, in...
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...
With governments the world over being held more accountable by their citizens and investors for higher environmental, ethical and social standards, the 2023 budget statement and economic policy must include a clear and viable path on climate action, access to affordable and clean energy, and quality education.
This is a...
The rural banking concept was introduced in 1976 with the launch of Nyakrom Rural Bank in the Central Region.
The rural banking model’s policy intent was to fill the financial inclusion gap in rural communities which were seen to have been left behind by the privilege enjoyed by urban dwellers...
GCB Bank PLC at the weekend reestablished itself as Ghana’s number-one financial institution, when it was adjudged top in financial services at the Ghana Club 100 awards.
GCB Bank PLC was named the tenth-best performing company/bank at the 19TH Ghana Club 100 Awards ceremony in Accra on Friday. The event...
Credit unions worldwide will celebrate International Credit Union (ICU) Day on Thursday 20th October 2022, to mark the immense role being played by financial Cooperatives in improving the livelihoods of their members. The Day is recognised to reflect upon the Credit Union movement's history, promote its achievements, acknowledge the...