• 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 Economy

Headline inflation to slowly inch up in 2022

4 years ago
in Economy, highlights, Home, home-news, latest News
2 min read
0 0
0
116
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Headline inflation to slowly inch up in 2022

Headline inflation rate is projected by the Center for Economics, Finance and Inequality Studies (CEFIS), is to increase this year.

The projected increment in headline inflation is however, expected to happen at a slow rate.

CEFIS in a report noted, “The increasing rate of the monetary policy rates over the recent quarters does not predict a decrease in price levels. This coupled with the not too pleasant macroeconomic variables all points to the fact that inflation would largely continue to rally up in the 2022 albeit at a slow rate.”

“liquidity tightening on the international financial market, coupled with the uninspiring debt sustainability level for Ghana measured by the Debt to Gross Domestic Product ratio may mean that the government will have contract debt at a higher cost than before,” it added.

This it said will inch up inflation, which will affect the cedi negatively.

Inflation went up to 12.2% in November, 2021, the highest since the rebasing of the Consumer Price Index was done in 2019, the Ghana Statistical Service stated.

RelatedPosts

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

Housing, Water and Electricity (20.5%) again topped the list of items in the inflation basket that contributed to the rate of increment.

Read: KIA: International Airlines optimistic of rebound in operations by Q2 2022

Month-on-month inflation between October and November 2021 was however 1.4%.

Food inflation (13.1%) was higher than both last month food inflation (11.5%) and the average of the previous 12 months (10.4%).

Touching on the country’s exports and imports, CEFIS forecast exports to fairly improve in 2022 with imports to also increase this year, a situation it said can impact on the value of the cedi.

“Although uncertainties exist about how to deal with new variants of Covid-19, the world economy has learnt a lot to deal with the pandemic. Total shut down as experience in the year 2020 is not likely in the short term”, it said.

“However, demand for Ghanaian exports is expected to increase in the year 2022,” it added.

“We expect imports to increase in the year 2022, this notwithstanding the likely imposition of the controversial reversal of the Benchmark Value discount on selected imported goods. Aside imports will increase in the short to the medium term, as Ghana is yet to change its stand as an import oriented economy,” it further stated.

Tags: cediCenter for EconomicsFinance and Inequality Studies (CEFIS)Headline inflation to slowly inch up in 2022
No Result
View All Result

Highlights

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Trending

Business

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

October 21, 2025

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks Ethiopia has officially moved closer...

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

October 21, 2025

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

October 21, 2025

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 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.