• 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

Headline inflation projected to peak in March this year

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
2
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Headline inflation projected to peak in March this year

Headline inflation is projected peak in March this year, says Research Lead at GCB Capital, Courage Boti.

Speaking in an interview, Mr Boti averred inflation is expected to witness a decline starting March 2023.

According to him, this is likely to happen if the country gets a bailout from the IMF as soon as possible.

“We should see much slower growth in inflation at least for January [2023] and February [2023] and we could be on course for a peak in March [2023]. But the situation is quite fluid”.

“We saw from March [2023], April [2023] last year the rate of inflation was easing but then the depreciation [of the cedi] pressures set in. It appears if we could not achieve an IMF programme as soon as possible, the agitations could reemerge soon and that might mean more currency pressures”, he added.

Inflation shot up by 3.8% to end 2022 at 54.1%, according to data from the Ghana Statistical Service.

RelatedPosts

Auditor-General Uncovers GHS 1.01bn in Illegal Payments to Former National Service Personnel

Auditor-General Uncovers Illegal National Service Enrolment of Former NSA Deputy Executive Director

Data Protection Commission Probes Ghana’s Health Data Managed by Indian Firm

Despite a strong improvement in the value of the cedi and a reduction in the prices of petroleum products, the rate of inflation still went up in December 2022. This was due to steep increases in food, transport and housing costs.

According to the figures, five divisions recorded inflation rates higher than the national average.

They were Housing, Water, Electricity, Gas and Other Fuels (82.34%); Furnishings, Household Equipment (71.52%); Transport (71.42%); Personal Care, Social Protection and Miscellaneous Goods and Services (60.94%) and Food and Non-Alcoholic Beverages (59.71%).

 Whilst Food inflation went up by 4.4% in December 2022, Non-Food Inflation went up to 49.9% in December 2022, from 46.5% in November 2022.

Inflation for locally produced items was 51.1% and inflation for imported items was 61.9%.

Eight sub-classes registered inflation rates higher then the food inflation average. They included Water (94.2%), Fruit and Vegetable Juices (84.6%), Milk, Other Diary Products and Eggs (82.2%) and Tea, Mate and Other Plant Products for Infusion (77.7%).

For the regions, the Greater Accra region recorded the highest inflation of 66.7%. It was followed by Eastern region (64.1%) and Bono region (60.3%)

>The region with the lowest inflation rate was the Volta region with a rate of 35.6%.

 

 

Tags: Headline inflation projected to peak in March this yearinflation
No Result
View All Result

Highlights

Renewable Energy Now Economically Competitive – Ing. Kweku Wiafe

IPPs More Efficient Than State-Owned Power Plants – Dr Apetorgbor

Ensure Transparency in Use of Energy Levies to Restore Confidence – KPMG Partner

Ghana to Spend GHS 30bn Over Medium-term to Subsidise Power – ACEP’s Benjamin Boakye

Complete LNG Facility to Stabilise Power Supply, Cut Generation Costs – Dr Nii Darko Asante

SSNIT Financially Sound, Committed to Long-Term Sustainability, DG Afreh Biney

Trending

Features

Auditor-General Uncovers GHS 1.01bn in Illegal Payments to Former National Service Personnel

October 30, 2025

Auditor-General Uncovers GHS 1.01bn in Illegal Payments to Former National Service Personnel A damning forensic audit by...

Auditor-General Uncovers Illegal National Service Enrolment of Former NSA Deputy Executive Director

October 30, 2025

Data Protection Commission Probes Ghana’s Health Data Managed by Indian Firm

October 30, 2025

Renewable Energy Now Economically Competitive – Ing. Kweku Wiafe

October 30, 2025

IPPs More Efficient Than State-Owned Power Plants – Dr Apetorgbor

October 30, 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.