16 December
2008
SPONSOR WIRE
PUBLISHED BY ‘ALL AFRICA’ (Mauritius)
Archive for the ‘GHANA’ Category
AfDB APPROVES U.S.$ 64 MILLION FOR THREE MAJOR ROAD PROJECTS IN GHANA
Posted by Gilmour Poincaree on December 19, 2008
Posted in BANKING SYSTEMS, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GHANA, INDUSTRIES, INTERNATIONAL, INTERNATIONAL ECONOMIC ORGANIZATIONS AND FORUMS, RECESSION, ROAD TRANSPORT, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES | Leave a Comment »
INFLATION DROPS AGAIN IN OCTOBER (Ghana)
Posted by Gilmour Poincaree on November 18, 2008
Volume: 19 Edition No: 33 Date: Monday, November 17, 2008
by Stephen Odoi-Larbi
The annual inflation rate fell to 17.30 per cent in October down from 
17.89 percent a month earlier, Dr. Grace Bediako, Government Statistician, said on Friday. This is the fourth consecutive monthly drop, since inflation went up to a high of 18.41 per cent in June.
The month-to-month change, which is the change in the CPI from previous month to the current month, recorded a rate of -0.67 per cent in October.
The main reason for the fall was good harvest and falling prices of food items, mostly in the rural areas. Dr. Bediako said the level of inflation in 2008 continued to be higher for the non-food group than the food group and higher in the rural areas than the urban areas.
The contribution of the non-food and food groups in October stood at 10.43 and 6.87 percentage points respectively. In the non-food group, the contributions of hotels, cafés and restaurants, clothing and footwear, and housing utilities sub-groups were highest in price change, contributing more than one percentage point to the annual rate of inflation.
Fish, bread and cereals sub-groups continued to contribute the largest to price change in the food group.
Inflation rates recorded in the regions range from 24.18 per cent in the Northern Region, to 13.22 per cent in Ashanti. Six regions recorded inflation rates above the national rate of 17.30 points.
Posted in ECONOMIC CONJUNCTURE, ECONOMY, GHANA, INFLATION, INTERNATIONAL | Leave a Comment »
