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Some Economists are warning that the payment of 15 per cent allowance to workers to cushion them amid the country’s current economic hardship is a threat to Government’s fiscal targets. The Government expects an overall GDP growth of 5.8 per cent [5.4 per cent in 2021], inflation of 8.0 per…
The conflict has raised fears that the world economy may be heading for a re-run of 1970s-style stagflation, as soaring prices of commodities from wheat to oil drive up living costs globally.
(Bloomberg) -- Central banks in five African nations will likely raise interest rates in the coming weeks to tame inflation pressures that threaten to become entrenched.
(Bloomberg) -- Ghana’s inflation rate jumped to the highest level in almost five years in December, underscoring the dilemma the central bank faces in trying to balance its efforts to curb price growth and boost the economy. Annual inflation accelerated to 12.6% from 12.