• 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 Agribusiness

Policy failures major contributory factors to high inflation – Prof Gatsi

Policy failures major contributory factors to high inflation – Prof Gatsi

2 years ago
in Agribusiness, Business, Economy, Editor's pick, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
224
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Policy failures major contributory factors to high inflation – Prof Gatsi

Dean of the School of Business at the University of Cape Coast (UCC), Prof. John Gatsi, has attributed to country’s rising headline inflation rate to policy failures by the Government.

According to Prof Gatsi, the failure and reluctance of Government to review policies such as the Planting for Food and Jobs (PFJ) has resulted in the country grappling with high inflation driven by food inflation.

Speaking during NorvanReports’ and the Economic Governance Platform’s Twitter Space Discussion themed “Navigating Ghana’s inflation Landscape” on Sunday, Prof Gatsi noted that there is the need for Government to coordinate its policies, particularly policies that have to do with the agric sector, in order to reduce high food inflation.

“Government is not reviewing its flagship policies such as Planting for Food and Jobs (PFJ) and as such the country is suffering from policy failures which is resulting in high inflation.”

“Government needs to coordinate its policies, coordinating policies like 1D1F and PFJ, can help reduce inflation in the country,” he quipped.

Headline inflation witnessed a marginal uptick (60bps) year-on-year, climbing to 43.1% in July 2023 compared to the 42.5% figure registered in June.

RelatedPosts

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

US Open: Venus Williams and Keys Bow Out as Alcaraz Launches Campaign

GSE Opens Week Higher as CPC Posts First Gain of 2025

Month-on-month inflation between June 2023 and July 2023 was 3.6 percent.

According to the Ghana Statistical Service, Food and Non-Alcoholic Beverages Inflation which stood at a notable 55.0% played a role in driving the overall inflation figure higher.

Month-on-month food inflation was 3.8% with last month’s food inflation being 54.2%.

On the flip side, Non-Food Inflation maintained its inflation figure of 38.3% during the same period, reflecting a less pronounced but significant inflationary pressure within the sector.

Month-on-month non-food inflation was 3.4% with last month’s non-food inflation being 33.4%.

Ghana has the highest level of food inflation in the West African sub-region.

On the Continent, Ghana is behind Zimbabwe and South Africa in terms of food inflation.

Ghana is also ranked by the World Bank as the eighth country with the highest food inflation globally.

Tags: Dean of the School of Business at the University of Cape Coast (UCC)Economic Governance PlatformGhana Statistical ServiceNon-food inflationNorvanReportsPolicy failures major contributory factors to high inflation – Prof Gatsi
No Result
View All Result

Highlights

Asante Gold Announces Completion of $500m Financing Package to Boost Bibiani and Chirano Growth Plans

Gov’t Pledges to Intensify Reforms in Gold Sector Ahead of Crucial Anti-Money Laundering Assessment

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

Trending

Features

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

August 26, 2025

Premier League: Ngumoha’s Late Goal Seals Liverpool's Thrilling Win Over Newcastle Liverpool triumphed 3-2 over Newcastle United...

US Open: Venus Williams and Keys Bow Out as Alcaraz Launches Campaign

August 26, 2025

GSE Opens Week Higher as CPC Posts First Gain of 2025

August 26, 2025

Asante Gold Announces Completion of $500m Financing Package to Boost Bibiani and Chirano Growth Plans

August 26, 2025

Gov’t Pledges to Intensify Reforms in Gold Sector Ahead of Crucial Anti-Money Laundering Assessment

August 26, 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.