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
-
The world’s oldest president left for a ‘brief stay’ in Europe. He hasn’t returned in two months
15 minutes -
Parliamentary committee commends GIPA’s investment drive, backs key reforms
19 minutes -
Livestream: Newsfile discusses AKSA energy deal, legal vacation and GoldBod losses
40 minutes -
Jason Arday: 10 things you may not know about British-born Ghanaian former Cambridge professor found dead at 41
3 hours -
KNUST partners with government to manufacture locally-made agricultural machines and smart traffic lights
3 hours -
Government to add constitutional referendum to 2027 District Assembly elections
4 hours -
Ambassador Nancy Sam meets South Africa’s Thanda to strengthen Africa tourism collaboration
4 hours -
Government disburses GH¢23.1 billion to clear road contractors’ arrears – Roads Minister
5 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
5 hours -
Galamsey: ‘Challenge is prosecution, not arrest’ — Lands Minister
6 hours -
Elliot Kabutey Tei outlines strategic blueprint to drive NPP victory in Tema East
7 hours -
MTN to build 80 new sites across the five regions of the north as part of a $1.1bn investment
7 hours -
The Polygamist’s creator says women see themselves reflected in her Netflix hit
8 hours -
UEW Hospital suspends OPD services over GAUA strike
9 hours -
Muzic Mensah selected for Boomplay’s inaugural ‘NEXT WAVE’ Programme
9 hours