{"id":260964,"date":"2024-12-05T13:06:59","date_gmt":"2024-12-05T13:06:59","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/05\/inflation-goes-up-to-23\/"},"modified":"2024-12-05T13:06:59","modified_gmt":"2024-12-05T13:06:59","slug":"inflation-goes-up-to-23","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/05\/inflation-goes-up-to-23\/","title":{"rendered":"Inflation Goes Up To 23%"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Prof. Samuel Kobina Annim<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>Inflation for November has gone up marginally to 23% from the October figure of 22.1%.<\/p>\n<p>The adjustment was influenced by rising prices of some food stuff on the market over the past month.<\/p>\n<p>The Ghana Statistical Service (GSS) released the data at a news conference in Accra yesterday December 4, 2024.<\/p>\n<p>Food inflation for November 2024 went up to 25.9% compared to 28.8% in October 2024.<\/p>\n<p>Equally, non-food inflation went down to 20.7% in November compared to 21.5% in October 2024.<\/p>\n<p>In addition, inflation for locally produced items went up to 25.4% in November 2024 compared to 24.6% in October 2024 while inflation for imported items went up in November to 17.6% compared to 16.3% in October 2024.<\/p>\n<p>The Government Statistician Prof. Kobina Annim, stated that on a year-on-year basis, Ghana\u2019s food inflation was 25.9% relative to the 23.0 % to the overall rate of inflation.<\/p>\n<p>According to him, the Upper East region experienced the highest inflation rate, reaching 44.9% which is significantly higher than the national inflation rate of 23.0% for the month of November 2024.<\/p>\n<p>Eastern Region on the other hand experienced the lowest inflation rate of 18.7%, also for the month of November. When disaggregated from a food and non food perspective, Savanna Region had the highest food inflation, with 46.0% in the month of November 2024.<\/p>\n<p>Also in the third quarter of 2024, the total trade value was GH\u00a2145.7 billion, comprising GH\u00a274.8 billion in exports and GH\u00a270.9 billion in imports, trade surplus was recorded for the third consecutive quarter, though the value declined significantly from GH\u00a26.1 billion in the second quarter of 2024 to GH\u00a23.9 billion in third quarter.<\/p>\n<p>The dominance of gold as the main export commodity has been further consolidated with an increase in its share of about 19.5 percentage points (from 42.5% to 62.1%) between Q3 2023 and Q3 2024.<\/p>\n<p><strong>By Vera Owusu Sarpong &amp; Ransford Wletsu<\/strong><\/p>\n<p><!-- CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prof. Samuel Kobina Annim \u00a0 Inflation for November has gone up marginally to 23% from the October figure of 22.1%. The adjustment was influenced by rising prices of some food stuff on the market over the past month. The Ghana Statistical Service (GSS) released the data at a news conference in Accra yesterday December 4, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":260965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-260964","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inflation Goes Up To 23% - 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\/2024\/12\/05\/inflation-goes-up-to-23\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation Goes Up To 23% - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Prof. Samuel Kobina Annim \u00a0 Inflation for November has gone up marginally to 23% from the October figure of 22.1%. The adjustment was influenced by rising prices of some food stuff on the market over the past month. 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