• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, May 18, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Ghana’s annual inflation approached 54% in December, a 22-year steep.

by Tanishqua Ghura
January 11, 2023
in News
Reading Time: 2 mins read
0
Ghana’s annual inflation approached 54% in December, a 22-year steep.
TwitterWhatsappLinkedin

Ghana’s consumption headline inflation to 54.1% year on year in December, up from 50.3% the beginning of the month and the overall standards in 22 years, as reported by the official data office on Wednesday. Fuel, utility services, and nourishment proceeded to drive the increment.

You might also like

The Best Memorial Day Tech Deals of 2025: Big Savings on Apple, Amazon, Dyson, and More

Xiaomi to Launch First High-End Self-Developed Mobile Chip as It Reenters the Silicon Race

Epic Games Asks Judge to Force Apple’s Hand in Fortnite App Store Battle

The West African production company of gold, oil, and cocoa is facing the very worst economic downturn in a century. Its cedi monetary system fell the year before, fueling wage growth, as government expenditure cuts and increases in interest rates by the national currency continued to fail to curb increased costs.

The December annual inflation was 59.7%, the largest increase since April 2001. Housing, water, power generation, gas, and some other fossil fuel prices increased more than any other, continuing to rise 82.34% versus the previous year.

Furniture and household appliances occupied the second spot (71.52%), followed by mass transit (71.42%). Wage growth in nutrition and non-alcoholic beverages was 59.71% compared to last year.

Ghana tried to approach the Worldwide Monetary Fund (IMF) in July to request economic help having followed street demonstrations prompted by rapidly increasing prices and socioeconomic hard times.

In December, an employee arrangement with the IMF for a $3 billion, three-year compensation package was reached. Debt restructuring is required in order to gain access to the funds. The government has announced a domestic debt assistance program, and conversations with community private pensions on the definitions were currently in progress pretty early on Wednesday.

On Tuesday, it also recommended that its government – to – government borrowing be renegotiated through into the G20 widely accepted conceptual model framework.

Ghana’s annual inflation averaging nearly 15.89 basis points from 1998 to 2020, with a maximum of 63.10 percent in March of 2001 and a low of 0.40-point margin in May of 1999.

Ghana, recognized as the Republic of Ghana, is a West African country. It shares maritime borders with Ivory Coast in the west, Burkina Faso in the north, and Togo in the east, as well as with the Gulf of Guinea and the Atlantic Ocean to the southeast.

TWEETS RELATED TO THE CASE:

Ghana inflation hits 54% in December, a 22-year high https://t.co/TgyioTKrMG pic.twitter.com/nOGKqQbPmN

— Reuters (@Reuters) January 11, 2023

Tags: #Inflation
Tweet54SendShare15
Previous Post

Peter Thiel among a list of FTX equity holders

Next Post

Eight car pileup in San Francisco caused by Tesla’s Autopilot

Tanishqua Ghura

Recommended For You

The Best Memorial Day Tech Deals of 2025: Big Savings on Apple, Amazon, Dyson, and More

by Anochie Esther
May 18, 2025
0
Memorial Day

As Memorial Day approaches, many Americans prepare for backyard barbecues, summer getaways, and a well-earned long weekend. But beyond the grilled burgers and fireworks, Memorial Day has quietly...

Read more

Xiaomi to Launch First High-End Self-Developed Mobile Chip as It Reenters the Silicon Race

by Anochie Esther
May 18, 2025
0
Xiaomi

In a bold move that marks a new chapter in its technological evolution, Chinese electronics giant Xiaomi has announced plans to unveil its latest self-developed mobile processor, the...

Read more

Epic Games Asks Judge to Force Apple’s Hand in Fortnite App Store Battle

by Anochie Esther
May 18, 2025
0
Epic games

The long-running feud between Epic Games and Apple has taken yet another dramatic turn. Epic, the developer behind the global gaming phenomenon Fortnite, is now asking a federal...

Read more
Next Post
Video shows 8-car pileup after a Tesla allegedly using Full Self-Driving stopped in a highway tunnel

Eight car pileup in San Francisco caused by Tesla's Autopilot

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?