inflation

An insightful report from a prominent professional services firm has shed light on the current economic landscape in Ghana. The firm cites a “sustained disinflationary trend”, suggesting that this trend might offer the Bank of Ghana a vital opportunity to consider easing interest rates. What if the July Monetary Policy Committee (MPC) meeting announces such a move? It could profoundly impact our financial ecosystem. Deloitte, the firm behind this report, is optimistic about the potential…

In recent days, U.S. stocks have shown a modest decline from the record highs achieved last Thursday. This slight downturn appears somewhat subdued, particularly as traders reflect on President Donald Trump's recent tariff threats made over the weekend. One might ask, what underlies this tempered investor reaction? Is it optimism in the economic resilience, or an acceptance of the unpredictability of trade policies? As of shortly after the 9:30 a.m. bell on Monday, here's how the major U.S. indexes stood:…

Ghana's Inflation Trends: A Positive Shift Recent data from the Ghana Statistical Service indicates a significant decrease in annual inflation, which saw a sharp drop to 13.7% in June, a notable change from the preceding figure of 18.4% in May. This development marks the sixth consecutive month of decline and represents the lowest inflation rate recorded since late 2020. On the bustling streets of Accra, the cedi has held steady at 10.35 to the dollar as of 10:19 a.m. this morning. Observing the currency's…

Recent statistics from Numbeo have revealed that Ghana stands at 12th among 23 African nations grappling with a high cost of living. This data prompts us to explore not just the numbers, but the real implications these figures hold for the everyday lives of Ghanaians. The Cost of Living Index in Ghana is reported at 30.6, broken down further into specific categories: rent is measured at 12.1, while essential groceries are sitting at 33.3. Interestingly, despite the high cost of living, Ghana has recorded five…

Inflation in Ghana: A Promising Turnaround In a remarkable turn of events, Ghana's inflation rate has dipped to its lowest level in over three years. This shift is largely attributed to a stronger national currency and reduced import costs, signaling a potential recovery for the West African nation. As reported by government statistician Alhassan Iddrisu during a recent news conference, consumer inflation eased to 18.4% year-on-year in May, down from 21.2% the previous month. This decline is a hopeful indicator…

In the face of soaring costs of living, many African nations have faced a daunting challenge. However, emerging trends show a beacon of hope as some countries are beginning to experience significant drops in inflation rates, even exceeding expectations. It's a reminder that resilience, amid adversity, can lead to remarkable economic turnarounds. According to recent projections from the African Development Bank, the average inflation rate across the continent is set to decline from 18.6% in 2024 to 12.6% in 2025.…

Ghana's consumer inflation has now marked its fourth consecutive month of decline, dropping to 21.2% in April 2025 from 22.4% in March, as detailed in the latest report from the Ghana Statistical Service (GSS). This downward trend evokes a mix of relief and curiosity; what does it mean for the average Ghanaian family, grappling daily with rising prices? The current decrease in inflation is primarily linked to a easing of pressures in both the food and non-food categories. Yet, it’s essential to highlight that inflation…

In recent months, Kenya has witnessed a significant surge in inflation, driven primarily by the scarcity of essential food staples such as maize, potatoes, and green vegetables. This spike not only puts additional stress on household budgets but also presents a formidable challenge for government authorities striving to maintain inflation at manageable levels. Have you ever experienced that sinking feeling when you notice the price of your staple food has suddenly skyrocketed? This shared struggle paints a vivid picture of…

From Pandemic Crisis to Stabilization Over the past few years, Zambia has navigated a complex economic landscape, marked by profound challenges and resilient adjustments. The year 2021 was particularly striking, as the country grappled with inflation that surged to nearly 25%. This spike coincided with Zambia's status as the first African nation to default on its debts during the tumultuous COVID-19 pandemic—an event that sent shockwaves through its economy and left many citizens questioning their financial future.…

Ghana, an enchanting land rich in culture and diversity, is witnessing a silver lining in its economic landscape. As the curtains drawn by its annual consumer inflation rate gradually lift, the spectacle of positive change is increasingly apparent. Over the past three months, the inflation rate has demonstrated a promising downward trajectory. Mar 2025 stands as a testament to this trend, with the inflation rate dipping to 22.4%, a subtle yet critical improvement from February’s 23.1%, according to meticulous…