• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Deloitte Warns Rising Inflation in Ghana and Nigeria to Hamper Economic Growth

7 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
207
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Deloitte Warns Rising Inflation in Ghana and Nigeria to Hamper Economic Growth

Professional services firm Deloitte has cautioned that the persistent rise in inflation in Ghana and Nigeria is likely to hinder economic growth in 2025.

Rising costs for businesses and reduced consumer spending are constraining economic activity, posing significant challenges for policymakers in the two West African nations.

Monetary Policy Outlook

Deloitte predicts that monetary policy will remain tight in both countries as central banks aim to curb inflation.

In Nigeria, further policy tightening is anticipated, while the Bank of Ghana may maintain its current stance, with the possibility of a rate hike if inflationary pressures persist.

Inflation Trends in Ghana and Nigeria

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Ghana’s inflation reached 23.8% in December 2024, driven by rising food prices. This marks the fourth consecutive month of increases.

Similarly, Nigeria’s headline inflation surged to 34.8%, attributed to festive-related spending during the holiday season.

According to Deloitte’s inflation update, “The underlying inflation pressures, driven by food price volatility, exchange rate fluctuations, and global commodity prices, are expected to persist in 2025.”

Broader Inflationary Outlook in Africa

The Economist Intelligence Unit (EIU) forecasts that inflationary pressures in Ghana and Nigeria will ease slightly in 2025, with average rates of 15.5% and 27.7%, respectively.

However, specific African countries—including Angola, Seychelles, Sudan, and Tanzania—are expected to see higher inflation due to unique domestic factors.

“Inflationary pressures are expected to ease from the more elevated levels recorded in 2023 for all but a small handful of African countries—namely Angola, Seychelles, Sudan, and Tanzania, where country-specific factors will push up consumer price inflation,” EIU noted.

Economic Implications

The high inflation levels in Ghana and Nigeria underscore the challenges faced by businesses and consumers. Rising costs for goods and services continue to erode purchasing power, slowing economic growth and increasing pressure on central banks to stabilize prices.

With inflation expected to persist into 2025, economic recovery in these countries may hinge on targeted fiscal and monetary interventions to address underlying drivers such as food price volatility and exchange rate fluctuations.

Tags: DeloitteDeloitte Warns Rising Inflation in Ghana and Nigeria to Hamper Economic Growtheconomic growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.