Producer Price Inflation hits 25.9% in June, up from 23.6% in May

The latest data from the Ghana Statistical Service indicates that the Producer Price Inflation rate for June 2024 has increased to 25.9%, higher than the 23.6% recorded in May 2024. This rate indicates that between June 2023 and June 2024, the rate increased by 25.9 per cent. The increase represents a 2.5 percentage point surge … Read more

Measures to bring inflation under control yielding results – Governor Addison

Advertisement Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has recounted that the economic and policy environment globally changed considerably with the Russia – Ukraine crisis and the higher oil and food prices in 2022. This, he said, was followed by policy tightening across the globe to contain the rapid increase in inflation … Read more

Near-term outlook of inflation uncertain – GCB Capital

GCB Capital has indicated that the short-term inflation outlook is uncertain despite ongoing disinflation. While the firm anticipates the disinflation trend to persist in the second half of 2024, inflation levels remain high. In June 2024, inflation decreased to 22.8%. However, GCB Capital expects that increased cedi liquidity, driven by the election momentum in the … Read more

June 2024 inflation: Tomatoes, 19 other products record price hikes above 40%

The latest data released by the Ghana Statistical Service indicates that inflation has dropped, with the June figure standing at 22.8%. The figure represents a 0.3 percentage decrease from the 23.1 percent recorded in May. However, Ghana Statistical Service has identified several items at both national and household levels that may require policy interventions due … Read more

Inflation for June 2024 drops to 22.8% from 23.1%

The latest data from the Ghana Statistical Service indicates that inflation for June has dropped to 22.8%. The figure represents a 0.3 percentage decrease from the 23.1 percent rate of inflation recorded in May 2024. The month-on-month rate for June also witnessed a decrease, recording 2.9 percent. Per the Consumer Price Index data released by … Read more