The year-on-year rate of inflation slowed for the fourth consecutive month to 9.8 percent in November compared with 10.1 percent the previous month. Professor Samuel Annim, the Government Statistician, who announced the rate, said the drop was the fourth consecutive monthly fall post-COVID-19. Month-on-month inflation was 0.3 percent, he said. The food inflation rate stood …
The Ghana Chamber of Telecommunication on Tuesday said the mobile network operators and infrastructure companies contributed GH¢3.2billion in taxes and other remittances to the government in 2019. The taxes include total taxes borne, total taxes collected and other payments and remittances. Value Added Tax (VAT) stood as one of the top tax lines of the …
The country’s annual inflation eased marginally to 10.1 per cent in October from 10.4 per cent in September. This represents a year-on-year change rate of 0.3 per cent and a month-on-month change rate of 0.2 per cent. The Government Statistician, Professor Samuel K. Annim who disclosed this in Accra on Wednesday when he presented the …
The European Union (EU) has said that although it has blacklisted Ghana, there is no evidence of money laundering on any official of the Akufo-Addo-led government. According to the Head of Delegation of the EU to Ghana, Ambassador Diana Acconcia, Ghana ended up on the list because it failed to comply with checks that could …
The Bank of Ghana has said Ghana’s economy is very likely to bounce back from the coronavirus shocks faster than expected. First Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku-Afari, has said even though the country experienced a contraction in business activities in the second quarter of this year, the Central Bank’s Composite …
Ghana’s year-on-year economic growth rate contracted 3.2 per cent in the second quarter of 2020 compared to 5.7 per cent for the same period in 2019 due to coronavirus pandemic. Professor Samuel Annim, the Government Statistician, said it was the first contraction in 37 years and followed the devastating impact of the coronavirus pandemic on …
The Producer Price Inflation (PPI) rate fell slightly in July to 9.3 percent compared with a revised 9.5 percent recorded in June. The month-on-month change in producer price index between June 2020 and July 2020 was 1.7 percent. The Ghana Statistical Service explained that the marginal decrease in all Industry Inflation Rate from 9.5 percent …
The Minister of Finance, Ken Ofori-Atta, has announced that a temporary financial relief programme for persons who lose their jobs as a result of the Coronavirus (COVID-19) pandemic. Presenting the mid-year budget review to Parliament, the Finance Minister said the scheme to be known as the National Unemployment Insurance Scheme, will be a temporary income …
The further weakening of the Ghanaian Cedi against the U.S. dollar will worsen the impact of coronavirus pandemic, the International Monetary Fund has said. Since late February 2020, the Cedi has consistently depreciated against the dollar by -2.46 percent, year to date, and -7.34 percent year-on-year. The IMF in its staff policy-related analysis report on …
The national year-on-year inflation rate was 11.2% in June 2020, which is 0.1 percentage points lower than last month, the Ghana Statistical Service (GSS), has announced. Month-on-month inflation between May 2020 and June 2020 was 1%. This is lower than the 1.7% recorded between April and May and 3.2% between March and April 2020, but …