Persistent upward price pressures drove the inflation rate in December to its highest in more than four years as the local economy continues to heat up following a return to
Inflation Hits Ever Highest Level since Rebasing
Efforts embarked upon by both the monetary and fiscal authorities to cool-off the persistent rise in consumer prices yielded little result as the inflation rate soared for the sixth consecutive
Inflation Rate Climbs to 15 Month High
Ghana is currently experiencing its share of the recent spike in global inflation figures after consumer prices rose for the fifth consecutive time to its highest since July, 2020. A
Inflation Rate Hits Double-Digit
After months of trending in the single digits, the inflation rate in September nudged up above the upper bound of the central bank’s medium-term inflation target band of 8.0% ±
Inflation Rate Soars to 9.7% in August
The inflation rate drifted towards the upper bound of the central bank’s medium-term inflation target band of 8.0% ± 2.0% as inflation figures in the traditionally lower-inflation zones of the
Inflation Rate Climbs to 9.0% in July
The rate of inflation rose for the second consecutive month in July as prices of food items, utilities, and transport mounted an upward pressure on consumer prices. The inflation rate
Inflation Closes the First Half of the Year at 7.8%
The inflation rate for June climbed up to end months of a downward streak as price pressures in some key items drove the prices of food items upwards. The rate
Inflation Rate Dips to Multi-Year Low at 7.5%
The inflation rate tumbled to a more than 5-year low in May, 2021 mainly on the back of a base-drift effect following hikes in the prices of some food and
Inflation Rate Falls into Single Digit
The rate of inflation inched into the single digits for the first time since Ghana’s economy was impacted by COVID related incidences. The inflation rate was reported at 8.5% in
Inflation Rate Closes the First Quarter at 10.3%
The inflation rate remained unchanged from previous month’s levels as upward price pressures continue to keep the inflation rate above the central’s bank’s medium-term inflation target band. According to the
Inflation Rate Climbs to 10.3% in February
The inflation rate rose above the upper bound of the Bank of Ghana’s medium-term inflation target band of 8.0% ± 2.0% as price pressures begin to pick up following a
Inflation Rate Opens 2021 at 9.9%
The inflation rate inched into the Bank of Ghana’s medium-term inflation target band of 8.0% ± 2.0% after it climbed to 10.4% in December, 2020. The rate of inflation for