Audio By Carbonatix
Despite government’s optimism that inflation would soon be registering single digits, available information suggests this may be a difficult task to achieve.
Inflation reduced again for the tenth month in a row for April, dropping to 11.66 percent from the previous month’s figure of 13.3 percent.
This is the lowest in more than two years. The Ghana Statistical Service believes inflation has continued to decline for the past ten months because of an abundance of food produce on the market following-on from last year’s bumper harvest and the relative stability of the Ghana cedi.
The Director of Economics and Industrial Statistics at the service, Ebo Duncan however has a less optimistic outlook for the coming months.
He tells Joy Business, implementation of the single spine salary structure poses a real threat.
Single spine salaried workers would also be expecting back pay accumulated for the six months from January this year, which is the effective date for implementation of the new salary structure.
This would pose an additional challenge in controlling inflation.
Government however believes it is on track to achieving single digit inflation.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Guinea junta chief wins presidential election by landslide
16 seconds -
Machu Picchu train crash leaves one dead and dozens injured
17 minutes -
Heavy police presence in Sydney for New Year’s celebrations after Bondi attack
41 minutes -
Ghana not experiencing ‘dumsor’ despite occasional outages – Analyst
45 minutes -
ESLA stabilised energy sector but legacy debt remains major challenge – Analyst
46 minutes -
Peter Obi dumps LP, defects to ADC
1 hour -
Proposed 5-Year Presidential Term Could Break Ghana Tradition of 8-Year Mandate
1 hour -
Ghana Airways technical completion paves the way for a triple threat economic reset
1 hour -
Cedi depreciation marked most disastrous period in Ghana’s economic management – Felix Kwakye Ofosu
1 hour -
Walewale, Bolgatanga police investigate deadly checkpoint shooting
2 hours -
Taxpayers to pay less under revised VAT structure from 2026 — GRA
2 hours -
Bullish Andre Ayew talks up NAC Breda challenge
2 hours -
Cybersecurity Authority warns public against festive season parcel delivery scams
2 hours -
Andre Ayew joins Dutch side NAC Breda till end of season
2 hours -
It’s fair to say that the gov’t has started well on economic management – Oppong Nkrumah
2 hours
