Inflation could hit 4% in the second half of 2017 - with price increases set to damage the economy through weakened consumer spending power. The prediction was made by the National Institute of...
Producer prices in the country for September 2016 have seen a decrease as the Ghana Statistical Service (GSS) has announced that the Producer Price Index (PPI) has declined to 9.7percent from...
The Producer Price Inflation rate for September 2016 has dropped to 9.7%, that’s according to the Ghana Statistical Service. The PPI measures the average change over time in the prices received by...
World markets had a swagger about them on Tuesday as upbeat economic data and signs of a revival in inflation pushed up stocks and commodity prices and kept the dollar at a nine-month high. Factory...
Cost of borrowing is expected to go up in the coming months as some commercial banks are planning to adjust their lending rates upwards by about three per cent, Business Finder has leant. The banks,...
The IMANI Center for Policy and Education has stressed the need for government to create opportunities to enhance the productive sectors of the economy. According to IMANI, the persistent high cost...
The fall in the value of sterling has acted as an important "shock absorber" for the economy, according to Bank of England deputy governor Ben Broadbent. He told BBC Radio 5 live that having a...
Attempts by the central bank to hem in inflation continue to yield less than satisfactory results, as a 0.3percent rise in September appears to confirm the Statistical Service’s suspicion that...
Inflation rate for the month of September hit 17.2 per cent compared to the 16.9 per cent recorded in August 2016. This represents a 0.3 per cent increase from the previous one in August. However,...
Inflation has shot up from 16.9% in August to 17.2% in September 2016. Inflation for imported items also rose from 17.3% in August to 18.7 in September. Locally produced items, however, dropped from...
Ghana's current policy rate set by the Bank of Ghana is 26 per cent. Such a rate may be considered to be too high given the current state of the economy, with economic growth for 2015 recorded at...
Ghana's economy is like a pendulum. It swings growth on one turn and swings decline on another turn. For instance, the economy grew by a record 14% in 2011. Inflation was kept at single digit for a...
Barely two months after parliament passed the Bank of Ghana (BoG) Amendment Bill, the International Monetary Fund (IMF) has punched holes into the Act and is demanding fresh amendments to introduce a...
Majority of workers in Ghana are impoverished as their real incomes continue to shrink under the country’s economic crisis, the Industrial and Commercial Workers Union (ICU) has lamented. Secretary...
Ghana’s headline inflation is likely to slow further downwards raising prospects of a series of interest rate cuts as the government moves to spur growth. The country’s headline inflation rose to...
Efforts by Managers of Ghana’s economy to arrest inflation in the past four years have proved futile as prices of goods and services continue to soar in the country. The situation has impacted...
The Bank of Japan said Wednesday that it's introducing a new long-term interest rate target of around zero. The bank has already gone to extreme lengths in its attempts to stimulate the country's...
The stability of the Ghana cedi against the major foreign currencies, particularly the United States dollar, is expected to be sustained into the future in what is expected to bring a big relief to...
The Monetary Policy Committee (MPC) of the central bank has said it is undisturbed by perceived inflationary pressures which the Statistical Service said could result from traders hiking prices ahead...
The governor of the Bank of Ghana (BoG) Dr. Abdul Nashir Issahaku has described as worrying the country’s current average lending rate which is hovering around 33 percent. According to the Dr....
