The Monetary Policy Committee (MPC) of the Bank of Ghana has opted to retain the policy rate at 29% , citing ongoing inflation risks that necessitate vigilant monitoring. Dr. Ernest Addison, the
In January, Nigeria's inflation rate surged to almost 30% annually, driven by soaring food prices and the depreciation of the country's naira currency to record lows. Economists speculate that this data could
MoreMarket traders in Koforidua, Eastern Region, are optimistic that the recent decline in inflation will bring relief, allowing them to offer products at more affordable rates. The traders believe that lower commodity
MoreInternational Monetary Fund Foresees Slower Inflation Growth in Coming Years The International Monetary Fund (IMF) has predicted a decline in inflation for Ghana, projecting a 15% end-of-year inflation rate for 2024. The
MoreThe Government Statistician, Professor Samuel Kobina Annim, presented the latest Consumer Price Inflation (CPI) data in Accra today, highlighting a substantial slowdown in the inflation rate by 3.2 percentage points. In December
MoreEconomist Professor Godfred Alufar Bokpin has urged the Ghanaian government to achieve an annual inflation rate of six percent for at least 15 years to ensure meaningful improvements in the lives of
MoreFitch Solutions, the UK-based financial forecasting firm, has adjusted its outlook for Ghana's Gross Domestic Product (GDP) growth rate in 2024, revising it to 3.5% from the earlier projection of 3.7%. While
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