The rate of inflation soared to surpass the government’s revised end-period headline inflation target of 28.5% as the prices of consumer goods and services continued its upward trajectory. The year-on-year
Inflation Rate Breaks Through 50.0%
The inflation rate in November hit a historic level, breaking past the 50.0% level, as it rose to its highest in more than twenty-five years. The ongoing pressures on the
Inflationary Outlook Continues to Worsen
Ghana’s inflation outlook worsened further with no end in sight after the inflation rate began the last quarter of the year climbing to its highest since March 2001. The annual
Inflation Woes Deepens
Ghana’s inflation outlook suffered another significant headwind as an upward adjustment in utility tariffs coupled with the freefall of the local currency sent the inflation rate to firm up in
Inflation Worsen Further to a 21-Year High
Inflation in August worsened to a more than 20-year high as ongoing monetary policies adopted by the central bank fails to tame stubbornly high inflation numbers. The inflation rate rose
No End in Sight as Inflation Rate Climbs Again
The rate of inflation climbed up once more in July for the fourteenth consecutive time worsening the purchasing power of consumers at a time when the local economy continues to
Inflation Climbs to Multi-Year Highs
As the world economy continues to battle with rising consumer prices exacerbated by supply chain disruptions following Russia’s invasion of Ukraine and increase in energy costs, Ghana’s inflation once more
Inflation Rate Firms at Multi-Year Highs
A Cedi on a freefall, coupled with a continuous upward adjustment in the prices of petroleum products dragged May’s inflation upwards to firm in multi-year highs after April’s inflation rate
Inflation Rate Soars to 18-Year High in April
The continued and sustained pressures on consumer prices exacerbated, pushing the rate of inflation to its highest in more than 18 years and the highest since the consumer price index
March Inflation Rate Climbs to a Record High
The inflation rate shot up to a record high just when the interventions announced by the government to revamp the economy began to kick in. Hikes in the prices of
Inflation Rate Climbs to 15.7%
The ongoing hikes in the prices of consumer goods seem to have no end in sight as the latest consumer prices information announced by the Ghana Statistical Service (GSS) revealed
Inflation Rate Opens 2022 at 13.9%
Ghana continues to experience its share of the rise in global inflation figures with the latest inflation rate hitting its highest in more than five years. The inflation rate began