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Deloitte Highlights Inflation’s Impact on Economic Growth in Ghana and Nigeria

Deloitte Highlights Inflation’s Impact on Economic Growth in Ghana and Nigeria

Professional services firm Deloitte has raised concerns about the persistent rise in inflation in Ghana and Nigeria, warning that it poses a significant challenge to economic growth in the two West African nations. According to

Business
Ghana’s Inflation Edges Up to 22.1% in October Amid Rising Food Prices

Ghana’s Inflation Edges Up to 22.1% in October Amid Rising Food Prices

Inflation in Ghana for October 2024 rose slightly to 22.1%, up from 21.5% in September, according to the Ghana Statistical Service (GSS). The increase was driven by higher prices in both food and non-food categories,

Business
Inflation rises to 22.1% in October, casting doubt on 15% year-end target

Inflation rises to 22.1% in October, casting doubt on 15% year-end target

Ghana's inflation rate has climbed to 22.1 percent in October 2024, a slight increase from September's 21.5 percent, as prices for both food and non-food items continue to rise. This marks the second consecutive monthly

Business
Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed. In its World Economic Outlook, it also predicted an end-year inflation of 15% for the country.

Business
IMF says global fight against inflation is ‘almost won’ but warns of rising risks

IMF says global fight against inflation is ‘almost won’ but warns of rising risks

Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but faces rising geopolitical risks and weaker long-term growth prospects, according to the International Monetary Fund. Global headline

Business
How High Economic Uncertainty May Threaten Global Financial Stability

How High Economic Uncertainty May Threaten Global Financial Stability

Uncertainty is not as easily measured as traditional indicators like growth or inflation, but economists have built some reliable proxies. One of the best-known gauges is the Economic Policy Uncertainty Index, which tallies how many news

Business
Inflation to end 2024 at 23.2% but to nose dive to 11.5% in 2025 – World Bank

Inflation to end 2024 at 23.2% but to nose dive to 11.5% in 2025 – World Bank

Ghana’s inflation is expected to end 2024 at 23.2%, the World Bank has disclosed in its October 2024 Africa Pulse Report. The year-on-year inflation is however expected to take a nose dive to 11.5% in 2025.

Business
Nigerian Inflation Quickens for the First Time in Three Months

Nigerian Inflation Quickens for the First Time in Three Months

In September, Nigeria's annual inflation rate rose for the first time in three months, fueled by higher gasoline prices and severe flooding in food-producing areas. The EU will finance Ukraine €35 billion, which will be