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Inflation for July 2022 hits 31%

Year-on-year inflation crossed the 30% mark to hit 31.7% in the month of July 2022, data from the Ghana Statistical Service has revealed. However, the rate of inflation slowdown in the month under review, as inflation went up by 1.9% over that of June 2022 (29.8%). According to the GSS, …

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Strike by LPG marketing companies called off

The LPG Marketing Companies Association of Ghana has called off its strike. This comes after the Cabinet’s decision to lift the ban on the construction of new LPG stations across the country. The association had embarked on a nationwide strike over the issue, as they argued that it has for the past …

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Report: Ghana is second highest recipient of FDI in West Africa

According to the 2022 World Investment Report, the rise in Ghana’s foreign direct investment flows was attributed to major projects in its extractive industries Foreign direct investment flows to Ghana increased by 39% to US$2.6 billion for the year 2021, according to the World Investment Report 2022. This placed Ghana …

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Government revises 2022 growth rate to 3.7% – Ofori-Atta

The government’s projected economic growth rate of 5.8% for 2022 has been revised to 3.7%. This was disclosed by the Finance Minister, Ken Ofori-Atta during the presentation of the mid-year budget to Parliament for approval on Monday. According to the Minister, the revision has become necessary due to global developments …

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