Skip to main content

Inflation goes up marginally to 13.2%

By; Fred Yaw Sarpong

    The year-on-year inflation rate for November 2013 increased marginally 13.2% from the inflation rate for October 2013, which was 13.1%, according to the Ghana Statistical Service (GSS). This represents an increase of 0.1 percentage point between October and November 2013
    This means that the change in the general price level was 13.2% over the one year period, from November 2012 to November 2013.
    The monthly change rate for November 2013 was 0.8% compared to the monthly rate recorded for October 2013, which was -2.3%
This, according to GSS means that the change in the general price level went up by 0.8% between October 2013 and November 2013.
    Mr. Baah Wadieh, acting Deputy Government Statistician announced this at a news conference in Accra on Wednesday 12 November, 2013.
    According to Mr. Wadieh the food inflation rate for November 2013 was 7.3% compared with 6.9% recorded in October 2013. However, the non-food inflation rate for November 2013 was 17.6%, compared with 17.7% recorded for October 2013.
   The food inflation rate of 7.3% was about two and a half times lower than the non-food inflation rate of 17.6%. Within the food group, three sub-groups recorded inflation rates higher than the group average of 7.3%. These are fish and seafood; mineral waters, soft drinks; and cereals and products.
    Within the Non-food group, four sub-groups recorded inflation rates higher than the group average rate of 17.6%. These include housing, water, electricity, gas and other fuels; transport; miscellaneous good and services; and clothing and footwear.
    Housing and Utility group recorded the highest main group’s inflation rate (34.1%) in November 2013. It recorded 0.7 percentage point between October and November 2013
    Communication group on the other hand recorded the highest change of 1.8 percentage points in the main group’s inflation rate between October (2.5%) and November (4.3%) 2013.
    Greater Accra region recorded the highest inflation rate of 14.9% in November 2013 while Upper East recorded lowest with 6.0%. The rest are Western 14.5%, Eastern 13.5%, Ashanti 13.3%, Central 12.7%, Northern 12.5%, Volta 12.1%, Brong Ahafo 11.1%, and Upper West had 6.4%.


Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…