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High food prices push October inflation to 40.4 %

Increases in food prices, housing, electricity, and fuel pushed the inflation rate for the month of October 2022 to 40.4 %. Food inflation recorded the highest rate among all the components as against non-food inflation according to the Ghana Statistical Service.   Increase in food prices, others push October inflation …

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Policy certainty: key to reversing oil production decline, and optimizing indigenous natural gas usage in Ghana

The need to prioritize the development of indigenous petroleum resources have become ever-critical for two key reasons; the energy transition and energy security in a volatile energy market. Recent global geopolitical issues and energy trends teaches Ghana that lesson— to prioritize its God-given oil and natural gas resource, to secure …

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Govt To Seal IMF Deal Before 2023

The Ministry of Finance has assured that the government will continue to work with a fierce sense of urgency to stabilise the economy and place it back on a firm trajectory of growth. The assurance comes after a government delegation successfully concluded a meeting with the World Bank and the …

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Ghana’s inflation hits 33.9% in August 2022

Data according to the Ghana Statistical Service has revealed that inflation for the month of August 2022 has shot up to 33.9% This will continually increase the cost of borrowing by raising interest rates further. This was announced by the Government Statistician, Prof. Samuel Annim at a press conference on …

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Transport fares up 30% effective Sept. 21

In consultation with the Ghana Private Road and Transport Union (GPRTU) of the Trade Union Congress (TUC), the Private Transport Operators Association of Ghana has announced a 30% increase in fares starting Tuesday, 21 September 2022. The association says the fare hike has become necessary due to the current economic …

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