Bussiness
March inflation surges to 25.8% from 23.2% recorded in February
There has been a surge in Inflation from 23.2 in February to 25.8 in March.
This indicates a 2.6 percentage point surge.
This information was revealed by the Government Statistician Professor Samuel Kobina Annim on Wednesday, April 10.
It further revealed that the food inflation rate also shot up, moving from 27.0 per cent in February to 29.6 percent in March.
Meanwhile, non-food inflation for March was reported at 22.6 percent.
According to the Government Statistician, “In the month of March 2024, rate of inflation stood at 25.8 percent year-on-year inflation relative to 23.2 percent recorded for the month of February 2024. This indicates that we have seen a surge in the rate of inflation by 2.6 percent increasing from 23.2 percent to 25.8 percent for the month of March 2024.”
“Disaggregating this for the food and non-food perspective, the rate of inflation for food was 29.6 percent relative to non-food 22.6 percent. Both food and non-food inflation have seen a 2.6 percent increase in its rate of inflation between February and March 2024,” he added.
Meanwhile, there was a decline in inflation in February with the figure standing at 23.2 percent.
This represented a 0.3 percentage point decrease from the 23.5 percent recorded in January.
“Disaggregating this for the food and non-food perspective, the rate of inflation for food was 29.6 percent relative to non-food 22.6 percent. Both food and non-food inflation have seen a 2.6 percent increase in its rate of inflation between February and March 2024,” he stated.
By Edem Mensah-Tsotorme
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
