Audio By Carbonatix
Finance Minister Dr. Kwabena Duffuor has once again reiterated that the persistent decline in inflation underscores the prudent manner in which the economy is being managed.
Inflation for the month of September declined again for the 15th straight month to 9.38 percent.
It is the lowest in several years. The Finance Minister told Joy Business government’s end-of-year target of 9.2 percent is now well within sight along with real benefits businesses and individuals.
He said the trend means people are getting more money in their pocket. “It means our purchasing power has been growing up.”
He highlighted some policies he said had helped government to achieve the stability.
“A year ago, government was borrowing at an interest rate of 25 per cent, but as we are speaking now, it is around 12.05 per cent,” he said.
Source: Joy News/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
-
At least 15 migrant bodies wash ashore in eastern Libya, sources say
12 minutes -
iLotBet launches exciting iPhone 17 giveaway for World Cup season
4 hours -
Man found dead after alleged attempted attack on church in Sefwi Asafo
5 hours -
SIC Insurance launches electric vehicles to advance green transition agenda
5 hours -
Elderly man rescued from drowning after clinging to coconut tree during Moree floods
6 hours -
Kpandai Assembly supplies maize to boarding schools ahead of lean season
6 hours -
Ghanaian mining engineer Dr Linda Abangbila earns PhD in China after five-year AI research journey
6 hours -
GES bans cars, money bouquets on school premises as Education Ministry halts SHS graduations nationwide
6 hours -
Broadway star Iris Beaumier eyes collaboration with Ghana’s arts and culture sector
6 hours -
“God Bless You”: The Currency of Gratitude Among Ghana’s Poor
8 hours -
Heal Komfo Anokye Project to respond to governance and accountability claims
8 hours -
Calls grow for NHIS to cover prescription glasses after over 500 miss free eye care in Bono Region
9 hours -
Nkwanta South: Death toll from Odomi attack now 4 as curfew takes effect
9 hours -
Impakers Creative Hub earns Trade Minister’s praise at Ghana–Italy Circular Economy Dialogue
9 hours -
Coderina EdTech donates STEM materials to support ICT, coding education in Ghana
9 hours