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Pulse Business Wrap Inflation leaps to 19.2%

This was  revealed by government statistician Dr. Philomena Nyarko, who is believed to be delivering her last inflation rate press conference as head of the Ghana Statistical Service, as she prepares to resign on May 11.

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Inflation leaps to 19.2%

Ghana’s inflation rate for the month of March has seen a 0.7 percent increase to 19.2% from February’s 18.5%.

This was  revealed by government statistician Dr. Philomena Nyarko, who is believed to be delivering her last inflation rate press conference as head of the Ghana Statistical Service, as she prepares to resign on May 11.

According to her transport was identified as the main contributory factor for the food inflation recorded in the month.

 This was because Commercial transport fares saw 15 percent increase across the country in the month of February.

Ghana's debt situation worsens- IMF

The IMF’s Fiscal Monitor report has projected that Ghana’s debt to GDP ratio will hit 74.1 percent at the end of 2016.

According to the report released in Washington D.C, Wednesday, Ghana will end 2016 with a debt- GDP ratio a little over 1% more than 2015’s figure of 73.

The fiscal monitor report does not see the country’s expenditure consolidation attempts to be yielding enough results in reducing the debt to GDP ratio especially in 2016. The country’s total debt currently stands at  over GHC97 billion.

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.82                             4.12

Pound Sterling             5.38                              5.68

Euro                             4.35                            4.65

 

On how your stocks performed on the GSE Index today

 

Unilever Ghana Limited were the biggest losers of the day, losing 20p to close at 8.50p

There were no gainers for the day.

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