• 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

Inflation rate projected to end 2022 at 16.3% 

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
88
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Inflation rate projected to end 2022 at 16.3% 

The International Monetary Fund (IMF), has cast doubt about the country hitting its 8% inflation rate target this year.

In the IMF’s latest economic outlook report for Ghana, it has projected that the country will the end the year with a 16.3% inflation rate, far higher than the government’s projected 8%. 

This will mean the second time in two years that government is missing out on its end of the year inflation rate target.

The projection by the IMF back claims that the current price hikes on food stuffs on the market would not be ending anytime soon.

Some analyst have also projected that inflation rate will only start falling in the last quarter of this year.

Inflation rate for March 2022, currently stands at 19.4%, with a probability that the country may continue to witness some spikes in terms of the general price levels going up before reducing marginally in the last three months of this year.

RelatedPosts

Foreign Capital Inflows Into Banking Sector Hit Five-Year High in 2024

Electricity is Getting Cheaper Across Africa

Summary of Events Following Confirmation of Deaths of Defence and Environment Ministers, Six Others in Military Helicopter Crash

Read: Ghana’s moderate to high exposure to wheat, fertilizers the cause of food price hikes – World Bank

This projection could be in line with a similar report by the Economist Intelligence Unit, which is noting that government will not meet its inflation rate target for this year.

The Economist Intelligence Unit (EIU) has forecasted that, headline inflation rate for Ghana will remain high, averaging about 15% in the early part of 2022.

The high inflation rate according to the EIU, is expected to be driven by supply-side price pressures, including rising global oil and food prices due to the Russia-Ukraine war and high utility and transport costs.

According to its April 13, 2022, assessment of the Ghanaian economy, average inflation is said to rise from 10% in 2021 to 13.4% in 2022 as prices for global commodities continue to increase, domestic demand starts to pick up further, and the currency depreciates sharply.

Inflation is forecast to average 8.8% between 2023-2026.

Tags: Covid-19Economist Intelligence Unit (EIU)ghanaIMFInflation rate projected to end 2022 at 16.3%
No Result
View All Result

Highlights

FDI Rises to 3-Year High as Reforms Boost Investor Confidence

Togo is Flexing its Unrivaled Maritime Power

Parliament Expresses Grief Over Death of Ministers, MP and 6 Others in Military Helicopter Crash

GSE Composite Index Up 46.51% YTD as Market Capitalization Hits GHS 147.91 Billion

Global Financial Bias Costs Africa $75 Billion Annually

GFA President.Set to Visit Gold Stars, Asante Kotoko, and Police Ladies to Strengthen CAF Campaigns

Trending

Features

Foreign Capital Inflows Into Banking Sector Hit Five-Year High in 2024

August 7, 2025

Foreign Capital Inflows Into Banking Sector Hit Five-Year High in 2024 Foreign capital inflows into Nigeria’s banking...

Electricity is Getting Cheaper Across Africa

August 7, 2025

Summary of Events Following Confirmation of Deaths of Defence and Environment Ministers, Six Others in Military Helicopter Crash

August 7, 2025

FDI Rises to 3-Year High as Reforms Boost Investor Confidence

August 7, 2025

Togo is Flexing its Unrivaled Maritime Power

August 7, 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.