Audio By Carbonatix
The Ghana Statistical Service (GSS) has dismissed claims asserting that it is underreporting inflation figures.
This follows concerns that the current 40.4% rate put out by the statistical service could be hovering around 50 per cent instead.
Moments after the announcement, Minority Spokesperson on Finance, Dr Cassiel Ato Forson, said the Service excluded the unofficial rates.
“Even though GSS says inflation is 40.4%, I feel inflation is in the middle of 100 because it doesn’t add up,” he stated.
Reacting to this, the Head of Price Statistics at the Service, Foster Adjaho insisted the figures are accurate.
“We cannot take opinions away from people but the reality is that the rate is 40.4%.
“Completing inflation takes into consideration averages. So you might have a particular item that you have in mind which has gone up by 50% but then the official range is 40.4%”
Latest Stories
-
NPA revises fuel price floors for August 4-15 pricing window
13 minutes -
Gov’t should build strategic fuel reserves instead of ad hoc pump price cuts – COPEC
21 minutes -
Terrorists using sophisticated cyber tools to raise funds – Counter Terrorism Director
22 minutes -
Chiefs, queens who engage in or aid galamsey will be prosecuted – Bono Minister warnsÂ
29 minutes -
Zoomlion assures MMDA fumigation workers of payment of salary arrears
39 minutes -
Ghana’s used-vehicle import reforms are necessary, but the policy needs fine-tuning
52 minutes -
MTN enhances MoMo security as daily transactions hit 23 million
53 minutes -
Ghana Gas delivers strong 2025 results with 97% profit growth; Jinapor urges continued investment
59 minutes -
COPEC welcomes GH¢2 diesel subsidy but urges gov’t to pursue long-term fuel strategy
1 hour -
Writers must tell Africa’s story through literature and local languages – Vice President to PAWA Ghana delegation
1 hour -
Stop harassing opposition, Ghana is bigger than any party – Minority to gov’t
1 hour -
The Supreme Court has Opened the Door. Parliament must now Reform Ghana’s Political Finance Architecture
1 hour -
GoldBod debunks claim of GH¢200m loss, says Dominic Bonsu was not Sammy Gyamfi’s bodyguard
1 hour -
BoG warns against 20 unlicensed mobile loan apps
1 hour -
Mahama orders strategic plan to double TOR capacity, end political interference
1 hour