Audio By Carbonatix
The Ghana Statistical Service is expected to use a new mechanism to compute inflation from next year.
It follows a review of the basket of goods used in measuring the index.
Head of Economic Statistics Ebo Duncan explained to Joy Business though the service has settled on the goods and services which will now be used to assess inflation, they need to collect data that will enable them compute.
Mr. Duncan also explains what went into the review.
Just like the rebasing of the country’s GDP estimates which put the value of the economy at 44 billion Ghana cedis, the review in the way inflation is calculated is to ensure that the figures better reflect what pertains on the market.
For instance, Ghanaians spend a lot more on mobile phone talk time than they used to, the last time the basket was reviewed.
Source: Joy Business/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
-
Dutylex promises more in 2026; targets market expansion
7 minutes -
Bawumia still NPP’s strongest asset — Northern region operations team
9 minutes -
Christian Service University inaugurates Most Rev. Prof. Emmanuel Asante as first chancellor
17 minutes -
Kumasi gridlock forces commuters to walk miles ahead of Christmas rush
22 minutes -
Paramount Chief of Assin Fosu honours John Boadu at grand durbar
24 minutes -
Minority flags election petitions, youth unemployment and third-term agenda as democratic threats
24 minutes -
Yamfo Traditional Council petitions President Mahama over security threat at College of Health
29 minutes -
PUWU threatens industrial action over illegal takeover of Ghana Water Lands in Ashanti region
30 minutes -
Minority accuses state of legitimising illegal gold and environmental destruction
40 minutes -
US$365m IMF cash credited to BoG account
41 minutes -
From Noah’s Ark to Ebo’s Ark: faith, frenzy and the fine line between divine warning and modern misunderstanding
41 minutes -
Minority warns Mahama over galamsey, GoldBod and environmental collapse
43 minutes -
John Boadu launches nationwide tour to foster unity ahead of NPP presidential primary
46 minutes -
ESDEV Foundation Africa, Gebeya partner to boost digital skills and youth employment in Ghana
48 minutes -
Full Text: Final recommendations of the CRC presented to President Mahama
51 minutes
