{"id":440289,"date":"2011-06-13T00:00:00","date_gmt":"2011-06-13T00:00:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/13\/stanchart-africa-forecasts-9-5-percent-inflation-for-ghana\/"},"modified":"2011-06-13T00:00:00","modified_gmt":"2011-06-13T00:00:00","slug":"stanchart-africa-forecasts-9-5-percent-inflation-for-ghana","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/13\/stanchart-africa-forecasts-9-5-percent-inflation-for-ghana\/","title":{"rendered":"Stanchart Africa forecasts 9.5 percent inflation for Ghana"},"content":{"rendered":"
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Listen to Razia Khan<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n

Ghana could end the year with an average inflation rate of 9.5 percent, that\u2019s according to a Stanchart Africa\u2019s research focus report dubbed Ghana \u2013 Today\u2019s fiscal imbalance tomorrow\u2019s inflation.<\/em><\/p>\n

The forecast is higher than government\u2019s own 8.5 percent outlined in the budget.<\/p>\n

Stanchart Africa Research boss Razia Khan explained to Joy Business what informed their research.<\/p>\n

She said the research team tracked the strengthening of the Ghana Cedi and used that to measure the best possible inflationary outcome.<\/p>\n

Razia Khan said by their calculation, \u201cinflation is likely to average around 9.5 per cent this year, 10.6 per cent next year and 9.3 per cent in 2013.\u201d<\/p>\n

She said the government can only achieve its 2011 inflation target if the Ghana Cedi appreciates in value dramatically which in her view doesn\u2019t look likely.<\/p>\n

The report noted that though government has made strides in mobilizing revenue, this has been stretched by increased spending. It also noted that government\u2019s plan to narrow its deficit by nearly five percent remains ambitious.<\/p>\n

Source: Joy Business\/Ghana<\/p>\n<\/div>\n

View original post here:
\nStanchart Africa forecasts 9.5 percent inflation for Ghana<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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The forecast is higher than government\u2019s own 8.5 percent outlined in the budget. <\/p>\n","protected":false},"author":0,"featured_media":440290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-440289","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\nStanchart Africa forecasts 9.5 percent inflation for Ghana - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/13\/stanchart-africa-forecasts-9-5-percent-inflation-for-ghana\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stanchart Africa forecasts 9.5 percent inflation for Ghana - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Audio Attachment Listen to Razia Khan Ghana could end the year with an average inflation rate of 9.5 percent, that\u2019s according to a Stanchart Africa\u2019s research focus report dubbed Ghana \u2013 Today\u2019s fiscal imbalance tomorrow\u2019s inflation. 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