Tag: Inflation
MTN plans price hikes in some African markets as inflation soars,...
MTN Group is planning price increases in certain markets, as Africa’s largest wireless carrier battles with inflationary pressures on the continent.The telecom company, which...
BoG’s raises policy rate to 24.5%
The Central Bank has once again increased its monetary policy rate by 250 basis points (2.5%) from 22% to 24.5%. This was announced by the...
Inflation rises to 33.9%, highest since August 2001
Ghana’s inflation for August 2022 has reached 33.9 percent, the highest since August 2001.This new inflation rate also represents a 2.2 percentage points increase...
Ghanaian tech startups turn to stronger currencies as the cedi falls
Inflation in Ghana has been rising for the past 11 months, hitting 31.7% in July, up from 29.8% the previous month. This is the...
Ghana’s headline inflation hits 31.7%
Significant increases in prices of transport and food pushed Ghana’s headline inflation rate to 31.7 percent in the month of July 2022.This represents a...
IMF: Global economic growth slows amid gloomy, more uncertain outlook
The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook, according to the...
Global FINTECH valuation drops half a trillion
Nearly half a trillion dollars has been wiped off the valuation of fintech firms globally so far this year when their current value is...