
Audio By Carbonatix
The Ghana Statistical Service is now looking at releasing the rebased inflation rates to next Wednesday.The service was expected to release the inflation figures for January to May today.It however had to postpone it because of challenges in the process of gathering data from the field.This is the third consecutive time the Ghana Statistical Service has failed to release the figures citing some difficulties.Acting government statistician, Philomena Nyarko tells Joy Business they are optimistic of releasing the figures next week Wednesday.“We have teams still trying hard to make sure that it is done. Some of the filled returns came in late,” she explained.Meanwhile inflation for the month of May has gone up marginally.The rate stood at 10.9 percent, 3 percentage points up from April figure.The rate is the highest since May 2010.Philomena Nyarko noted: “The major drivers, I will say, were clothing and footwear”.The Acting Government statistician predicted that the outlook for inflation will be good in July, August as the country expects bumper harvest.
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
-
Floods kill 18 in Central Region as NADMO orders evacuation of unsafe buildings
14 minutes -
GRA outlines taxpayer rights and obligations under Revenue Administration Act
15 minutes -
Private Security Organisations are not permitted to use firearms – Interior Minister
21 minutes -
DACF: AG justifies payment of public funds into personal accounts of MPs
22 minutes -
Foreign Affairs Ministry pays tribute to late Ambassador Victor Gbeho
25 minutes -
Spain underlines strong commercial partnership with Ghana
33 minutes -
Everyone saw it, nobody stopped it
34 minutes -
Don’t misuse PWDs’ funds—Parliament’s Committee on Local Govt to MMDCEs
38 minutes -
Family of Ambassador Victor Gbeho officially informs Mahama of his death
42 minutes -
Cape Coast MCE orders renewed demolition of buildings on waterways after deadly floods
51 minutes -
GNAFF calls for audit of One District, One Dam project amid renewed rainfall
52 minutes -
Bond market: Turnover declines by 24% to GH¢5.41bn
54 minutes -
Gov’t allocates land for refugee farming under new integration initiative
55 minutes -
Taxpayers must register before fulfilling their tax obligations – GRA
59 minutes -
APSU 2002 Legacy Project: Prof Kofi Abotsi urges alumni to give back as a sacred duty
1 hour