Ghana’s consumer inflation reached nearly 34% in August, the highest since 2001, despite a historic rate increase by the central bank.Consumer inflation in the West African country climbed to 33.9% …
Tag:
INFLATION
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Nigeria’s inflation rises to a 17-year-high of 20.52% in August
Nigeria’s inflation rate surged to 20.52% in August, according to the National Bureau of Statistics consumer price index (CPI) report for August 2022, released on Thursday. The consumer price index (CPI), …
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AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
South African Rand firms as dollar weaken before US inflation data
The rand strengthened in early trade on Monday, as the dollar weakened ahead of key US inflation data this week that might give the Federal Reserve room to slow the …
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AgricultureBusinessEconomyMoroccoUncategorized
Agriculture and Cereal Export Prices in Morocco Are Stabilizing says World Bank
While price inflation in Morocco continues to break records, a recent report from the World Bank argues that agricultural and Cereal export prices have started showing signs of stabilizing worldwide. …
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The value of PoS, Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The …
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AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
Central Bank of Nigeria Raises interest rate on banks deposits to 4.2%
The Central Bank of Nigeria (CBN) has raised the interest rate on bank customers’ deposits. According to the Apex Bank, bank customers will be getting at least 4.2 per cent …
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AfricaAFRICA NEWSEconomyNewsNigeriaTrending TodayWestern Africa
Nigeria’s Inflation surges to 19.64%, the highest since 2005
Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest …
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AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
Egypt’s annual core inflation records 15.6% in July
The annual core inflation rate recorded 15.6 percent in July 2022, compared to 14.6 percent in June 2022, the Central Bank of Egypt (CBE) said in a statement Wednesday. The …
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AfricaAFRICA NEWSBusiness and EconomyGhanaNewsWestern Africa
Ghana’s inflation rises to 31.7% in July
Inflation in Ghana accelerated at a faster pace than expected in July as a slump in the value of the cedi raised the cost of imported goods like cooking oil …
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The winner of Kenya’s presidential election will have an in-tray full of economic and political challenges to solve when he assumes office. The polls happened in the middle of an …