Inflationary trends and control in Ghana

  • 32 Pages
  • 4.73 MB
  • English
African Economic Research Consortium , Nairobi
Inflation (Finance) -- Ghana., Banks and banking, Central -- Ghana., Monetary policy -- G



StatementNii K. Sowa and John K. Kwakye.
SeriesAERC research paper ;, 22
ContributionsKwakye, John K.
LC ClassificationsHG1382 .S68 1993
The Physical Object
Pagination32 p. :
ID Numbers
Open LibraryOL1055629M
ISBN 101897621167
LC Control Number93850198

Inflationary trends and control in Ghana. [Nii Kwaku Sowa; John K Kwakye] Home. WorldCat Home About WorldCat Help. Search. Search for Library Items Search for Lists Search for Book: All Authors / Contributors: Nii Kwaku Sowa; John K Kwakye.

Find more information about: ISBN: OCLC Number. Inflationary trends and control in Ghana Nii K. Sowa University of Ghana, Legon and John K. Kwakye A catalogu recore fod r this book is availabl froe m the British Library. ISBN Contents inflationary pressure isn Ghana and to sugges wayt s to mitigate such pressures.

Inflationary trends and control in Ghana (AERC research paper): ISBN () African Economic Research Consortium, Founded inhas become a leading book price comparison site. Inthe inflation rate in Ghana amounted Inflationary trends and control in Ghana book about percent compared to the previous year.

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Ghana’s inflation peaked at almost percent in and is. INFLATIONARY TRENDS AND CONTROL IN GHANA were set up, relying heavily on imported raw materials and other inputs. They were owned and managed by the State, and over-protected through a highly cascaded tariff structure (high on output, low on inputs), tax rebates, low interest charges and government subsidies.

In general, these industries. The impact of money supply on inflation, a case of Ghana Article (PDF Available) in "Imperial Journal of Interdisciplinary Research (IJIR) 3(1) January with 5, Reads. In in the United States – just over 30 years ago – a new home in this country cost an average of $76, and the median income was $17, per year.

Compare that towhen even after the recent recession, the median home price stood at $, and median household income was $50, per year according to the US Census Bureau. Ghana - Inflation Inflation unchanged at the end of Q1.

Consumer prices rose % from the previous month in March, accelerating from February’s % uptick and marking the sixth consecutive month of rising prices. A breakdown of the sub-components showed that the result largely reflected higher prices for food and non-alcoholic beverages.

Monetary factors play an important role in the failure to control inflation in Ghana. The devaluation of the cedi at diverse times especially during the Economic Reforms Programme (ERP) led to price raises.

Description Inflationary trends and control in Ghana PDF

The other dimension to inflationary trends in Ghana is the international connection. Inflation in Ghana, like the rest of the world, is. Ghana‟s macroeconomic performance in the early s was sluggish, characterised by high inflationary pressure amidst declining growth (Figure 1).

Inflation rate averaged percent between andlargely informed by increased money growth for government deficit financing.

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To curb the high inflationary pressure, the government. THE STATISTICA ANALYSIS ON INFLATIONARY TREND IN NIGERIA FROM () ABSTRACT One major target of Marco-economic polices is how to achieve stability in price level, stability here does not mean a situation where price will remain fixed, but a situation where variation in pries over a long period is minimal since there is no stability in price sellers in labour and capital market kept.

Osei () also analyze inflation dynamics in Ghana using monthly data from to According to the result, the role of money in explaining inflation has diminished overtime.

Author: Victor Osei. monthly to build the funds was meant to curb inflationary trends in Nigeria. They gradually and greatly reduced the purchasing power of the working class. But the policy measures failed as the prices of goods and the profits of corporate bodies were not controlled.

Therefore, as prices rose, the labour unions agitated for higher wagesFile Size: KB. have weak anti-inflationary effects. "The puzzling aspect of is the failure of the recession, which brought the level of real output from 4 percent above trend to % below trend, to have any effect at all in dampening inflation." Gordon finds that other countries too have suc-Author: Robert E Hall.

Ininflation rate for Ghana was %. Though Ghana inflation rate fluctuated substantially in recent years, it tended to decrease through - period ending at % in Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at.

The direct relationship between oil and inflation was evident in the s when the cost of oil rose from a nominal price of $3 before the oil crisis to around $40 during the oil crisis.

Trends of Inflation in Ghana Inflationary trends in Ghana may be divided into two periods: The Pre-ERP period (unto ) and the The Post-ERP period. In the immediate years after independence thecountry encountered very little inflationary pressures.

But from when the country began to encounterFile Size: KB. However, ininflationary pressures started to build, fuelled by soaring food and energy prices, while the government’s fiscal outlays added to the inflationary pressure.

Since Octoberinflation has more than tripled, reaching percent in October Although food inflation has slowed recently, it is unlikely to offset otherFile Size: KB. In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.

When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.

DOES INFLATION UNCERTAINTY DECREASE WITH INFLATION. A GARCH MODEL OF INFLATION AND INFLATION UNCERTAINTY In the present study, we examine the relationship between inflation and inflation uncertainty in Ghana from to using two-step procedure.

This section briefly describes the theories of inflation and inflationary trends. inflationary pressure in ghana and the infulencing factors Rates of inflation in Ghana have continued to witness double digit or upper single digits during the period covered in this paper.

This trend has remained worrisome to governments, economic managers, analysts, and the public at large. (a) Explain whether there is a relationship between inflation and government interfere and reduce inflation and unemployment.

Provide real life examples. (b) Using your home country as a case study outline and analyse inflation, unemployment and growth fy what range of the aggregate supply curve your country is operating in.

The annual inflation rate in Nigeria rose for the seventh straight month to % in March of from % in the previous month. It was the highest inflation rate since April oflargely driven by the effects of the border closure and the new VAT tax rate.

Main upward pressure came from food prices (% vs % in February). Cost of food in Ghana increased percent in March of over the same month in the previous year. Food Inflation in Ghana averaged percent from untilreaching an all time high of percent in December of and a record low of 5 percent in July of This page provides - Ghana Food Inflation - actual values, historical data, forecast, chart, statistics, economic.

CHAPTER ONE INTRODUCTION The monetary policy of a country deals with control of money stock (liquidity) and therefore interest rate; in order to influence such macro economics variables as inflation, employment, balance of payment, aggregate output in the desired direction.

There is no standard and ideal structure of monetary policy target and instrument, the. Keywords: Ghana, inflation, quantity theory of money, regression analysis, interest rate Introduction Many people discuss inflation, though its real meaning and effects seem to be misunderstood.

Governments in power have used fallen trends in inflation rates to express the strength of their macroeconomic policies in solving economic problems. When inflation increases, purchasing power declines, and each dollar can buy fewer goods and services.

For investors interested in income-generating stocks, or Author: Kristina Zucchi. The thesis looks at the relationship between inflation, interest rate, exchange rate and GDP for a developed country (Canada) and a developing country (Ghana).

Through a detailed literature search looking at the economies of Ghana and Canada as well as statistical analysis using least squares and regression models the following questions were addressed.

Ghana expressed the likelihood that oil prices will increase in and contribute to the build-up of inflationary pressures [7]. In the view of the Bank of Ghana, oil price hikes is a dilemma for central banks in creating a stable economic policy [7].

This stems from the fact that higher oil prices notFile Size: KB. inflationary trend in the country during the study period. Figure 1: Inflation Rate Trend in the Nigerian Economy ( - ) Figure 1 shows that headline inflation in the country has constantly hovered around double-digit figures for 30 out of the 40 observation years of this 0 20 40 60 80.

The study reveals that in Ghana as a developing country, oil price increase results in higher inflation directly and through the exchange rate.

To reduce the inflationary pressure in Ghana, government should find a way to blunt this cost-push inflation emanating from oil : C. Kpogli.the assessment of nominal trends. Persistent changes in banks’ behaviour are likely to affect the economy in an enduring and significant manner.

The analysis of money and credit growth is thus crucial for conducting an appropriate monetary policy. articles the supply oF money – banK behaViour and the implications For monetary analysisFile Size: KB.

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