Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey has projected food prices in Ghana to drop but not immediately. He explained that the rising inflation in the country is due to two main factors, external and domestic. With the ongoing war between Russia and

Former Finance Minister Seth Terkper, has stated that the average inflation rate for April, which hit 23.6%, was mainly as a result of some critical personal and business expenses that went above even the current April average. April’s food inflation recorded 26.6%, higher than both last month food inflation, 22.4%, and the average of the

Egyptian Prime Minister Mostafa Madbouli has announced a series of planned privatizations of state-owned companies, as the country struggles with an economic crisis and inflation at almost 15% in April. The strategy unveiled by the government includes the privatisation of ten public companies, two of which belong to the army, and the creation of two

The Institute of Economic Affairs is projecting a 200 basis points increase in the policy rate (PR) of the Bank of Ghana (BoG) to 19.0%. This, it believes, will help narrow the gap with the rising inflation and also ease to some extent the risk of foreign currency outflows. However, the move will increase the

The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has urged the United States to support its ‘Africa Emergency Food Production Plan’ with a US$1.5billion to avert a looming food crisis in Africa caused by Russia’s war in Ukraine. The emergency food plan is anchored on providing certified seeds of climate-adapted varieties

The rising food inflation in Ghana is gradually becoming a major concern in the country, Chief Operations Officer at Dalex Finance, Mr Joe Jackson has said. In his view, the country is heading to a period where people will be forced to skip meals because they cannot afford to pay for the high prices. This,

A Deputy Minister of Finance, Abena Osei-Asare, has explained how the One District One Factory (1D1F) programme will help address the issue of high inflation in Ghana in the near future after attributing the the rising inflation rate in Ghana to import. With the factories coming on stream, she said, the rate of import will drop because most

Interest rates continue to surge ahead of the expected hike in the policy rate of the Bank of Ghana from the current 17%. This is expected to increase the cost of doing business in the country further, due to the rising cost of credit. With inflation above 23%, it is expected that the managers of