• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Inflation hits 16.9 percent

13/11/2014
Reading Time: 1 min read
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

Ghana’s inflation continued its upward trend hitting 16.9 percent for the month of October from the 16.50 percent recorded in September.

Inflation has been on an upward trend since the beginning of this year, staying above government’s 13 percent target.

October’s inflation the highest since March 2010, was driven by the transport sector.

The non food inflation group recorded an inflation rate of 24 percent for that month compared to the 24.1percent recorded in September, while inflation for the food group increased by 0.7 percent from 5.8 percent in September to 6.5 percent in October.

The Upper East region recorded the highest inflation rate of 19.7 percent while the Upper West region record the lowest of 13.4 percent.

Speaking to Citi Business News the Deputy Government Statistician Baah Wadieh explained that transport which is in non food group was largely the cause of October’s inflation going high.

“The main drivers were housing, water, electricity, gas and other fuels and transport that is the non food commodities actually fueled the inflation rate having higher inflation than all the others or group in the basket. Transport again I will say the main cause or the driver behind the high inflation rate.”

Previous Post

AngloGold Ashanti To Cut 900 Jobs In Response To Falling Gold Prices

Next Post

FDA boss: Don’t buy medicines on vehicles

Related Posts

carbon emissions

Ghana Begins Receiving Payments for Reducing Carbon Emissions in Forest Landscapes

30/01/2023
Employers and employees

The silent war between employers and employees will have no winner 

27/01/2023
Electric cars in Africa, ghanatalksbusiness.com

Africa’s push for electric vehicles

24/01/2023
Functioning dddress system, ghanatalksbusiness.com

The next “AMAZON” in Africa will need a Functioning Address System

23/01/2023
Catalyst fund, ghanatalksbusiness.com

Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change

20/01/2023
shifts in globalisation

Globalisation Redefined as Manufacturing Moves Closer to Home

20/01/2023
Next Post

FDA boss: Don’t buy medicines on vehicles

Local content: Myth or reality?

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In