Inflation for the month of April went up to 10.6 percent. This is 0.2 percentage points higher than the previous month’s figure of 10.4 percent.
This means that the rate ... read full comment
Inflation inches up to 10.6 percent in
Inflation for the month of April went up to 10.6 percent. This is 0.2 percentage points higher than the previous month’s figure of 10.4 percent.
This means that the rate of increase in the general price of goods and services was higher compared to the same period last year.
The monthly rate change was however 1.8 percent. Acting Deputy Government Statistician in charge of Technical support, Baah Wadieh explains what accounted for the increase.
“The farming season starts in April. There are no harvests. Whatever is available we are committing to planting for food and because the weight of the food group in the basket is high, it impacts on the overall inflation rate. We also observed that the exchange rate is also affecting the cost of imported goods” he explained.
The declining fortunes of the local currency seem to be impacting heavily on the macro-economy. Even before the Monetary Policy Committee of the Central bank meets next week to determine the policy rate, Standard Chartered bank is predicting an increase in the rate due to the cedi’s fall in value.
JASKELE 11 years ago
SO AFTER SELLING NKRUMAHS BLACK STAR LINE UNDER NDC SO CALLED SOCIAL DEMOCRATS THEY NOW WANT TO START A NEW SHIPPING LINE!!! WHAT WAS THE BENEFIT OF SELLING THOSE STATE ENTERPRISE? JUST TO GET THEIR %!! GOD WILL CURSE ALL OF ... read full comment
SO AFTER SELLING NKRUMAHS BLACK STAR LINE UNDER NDC SO CALLED SOCIAL DEMOCRATS THEY NOW WANT TO START A NEW SHIPPING LINE!!! WHAT WAS THE BENEFIT OF SELLING THOSE STATE ENTERPRISE? JUST TO GET THEIR %!! GOD WILL CURSE ALL OF YOU!!
Samuel Okai quaye 11 years ago
why have you sold your chikens and encouraging that of others? where are our Black StarLines? Do we have any Idea of getting them back to opreational? our forefathers left us with our own shipping lines and you these same pol ... read full comment
why have you sold your chikens and encouraging that of others? where are our Black StarLines? Do we have any Idea of getting them back to opreational? our forefathers left us with our own shipping lines and you these same politicians have sold them without any good reason. Who sold these ships where are they? what happend to to Ghana Airways Plans? this nation has to know how to manage.
that is true
Inflation inches up to 10.6 percent in
Inflation for the month of April went up to 10.6 percent. This is 0.2 percentage points higher than the previous month’s figure of 10.4 percent.
This means that the rate ...
read full comment
SO AFTER SELLING NKRUMAHS BLACK STAR LINE UNDER NDC SO CALLED SOCIAL DEMOCRATS THEY NOW WANT TO START A NEW SHIPPING LINE!!! WHAT WAS THE BENEFIT OF SELLING THOSE STATE ENTERPRISE? JUST TO GET THEIR %!! GOD WILL CURSE ALL OF ...
read full comment
why have you sold your chikens and encouraging that of others? where are our Black StarLines? Do we have any Idea of getting them back to opreational? our forefathers left us with our own shipping lines and you these same pol ...
read full comment