• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 202302

Inflation In Ghana Falls For First Time In 19 Months

15-Feb-2023
/ Economy, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

Ghana's inflation rate has fallen - albeit slightly - for the first time in 19 months, official statistics show.

The inflation rate in January was 53.6%, compared with 54.1% in the previous month.

But food inflation rose slightly to 61.0% in January, while non-food inflation was down to 47.9%, Ghana Statistical Service figures showed, Reuters news agency reports.

This means that prices are still rising, just not quite as quickly as before.

A reduction in fuel prices saw transport inflation fall, Ghana's Joy FM website reports.

Ghana's economy is in deep crisis, with the website reporting that international rating agency Fitch has downgraded its creditworthiness to "further junk status".

Reuters describes the economic crisis as the worst in a generation, saying that capital outflows, a crushing debt-service burden and rapid currency depreciation have wrought havoc on government and household finances.

Source: BBC

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

DDEP: Gov't Secures 80% Target

Next Post

DDEP Was Necessary To Alleviate Ghana’s Debt Burden - Ken Ofori-Atta

 
 

More Stories

Cocoa Prices Reach 6-Year High Amid Supply Concerns
Energy Sector Debt Identified As Key Contributor To Ghana's Debt - World Bank Rep Warns
Economic Recovery Will Be Swift - Finance Minister Assures
PURC Justifies 2023 2nd Quarter Tariff Adjustment
Ambiguity Over IMF-Funded BoP Support Worrying – IEA
Concerns Heighten Over Declining Oil Production
Cedi Faces Pressure Amid US Debt Ceiling Negotiations
No Workers To Fill Vacancies In Germany, Grocery Bills Up 28.6% - A Look At Life in Europe's 'Economic Powerhouse'
IMF Loan "Will Not Spell The Immediate End" Of Economic Challenges - Akufo-Addo
Next Post

DDEP Was Necessary To Alleviate Ghana’s Debt Burden - Ken Ofori-Atta

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Cocoa Prices Reach 6-Year High Amid Supply Concerns

  • Energy Sector Debt Identified As Key Contributor To Ghana's Debt - World Bank Rep Warns

  • Economic Recovery Will Be Swift - Finance Minister Assures

  • PURC Justifies 2023 2nd Quarter Tariff Adjustment

  • Ambiguity Over IMF-Funded BoP Support Worrying – IEA

  • Concerns Heighten Over Declining Oil Production

  • Cedi Faces Pressure Amid US Debt Ceiling Negotiations

  • No Workers To Fill Vacancies In Germany, Grocery Bills Up 28.6% - A Look At Life in Europe's 'Economic Powerhouse'

  • IMF Loan "Will Not Spell The Immediate End" Of Economic Challenges - Akufo-Addo

  • Germany Falls Into Recession Following Inflation

 

 
 

Popular Videos

Kokrokoo Discussion Segment On Peace 104.3 FM (02/06/2023)

Kokrokoo Live On Peace 104.3 FM (02/06/2023)

Peace Power Sports (02/06/2023)

Akan News @ 8pm On Peace 104.3 FM (02/06/2023)

Akan News @ Midday On Peace 104.3 FM (03/06/2023)

GHANA MONTIE with MAC-JERRY OSEI AGYEMANG on NEAT 100.9 FM (FRIDAY 2-06-23)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media