Ghana Statistical Service Archives

05 Dec

Ghana Achieves GH₵3.9Bn Trade Surplus In Months Of 2024 – GSS

wontumionlineBusinessGhana Statistical Service, Trade Surplus

Ghana recorded a trade surplus of GH₵3.9 billion in the months of 2024, the Ghana Statistical Service (GSS) has stated. According to the GSS, exports in the third quarter of 2024 amounted to GH₵74.8 billion, while imports totalled GH₵70.9 billion. This marked a significant improvement, with a turnaround of a trade deficit of GH₵2.3 billion in quarter 3 2023 to a surplus of GH₵3.9 billion in Q3 2024. In US dollar terms, the total trade amounted to US$9.6 billion, consisting of US$4.9 billion in exports and US$4.7 billion in imports. Gold Bullion Is Top Exporter Gold bullion, valued at GH₵46.5…

26 Jun

Regional Initiatives Will Effectively Control Inflation – Statistical Service

wontumionlineBusinessGhana Statistical Service, Prof Samuel Kobina Annim

The Ghana Statistical Service (GSS), says the country can reduce the rate of increase in the prices of goods and services over the long term by implementing national policies that are supported by regional initiatives. The Service has consequently advised that the regulatory actions adopted to control inflation by the Bank of Ghana (BoG) and other related state institutions be supported by regional-level actions. “The chances of hastening a downward trend in our inflation is more likely to occur if we take into consideration the role of sub-national government and other real sector ministers to augment the work of the…

15 Jun

Statistical Service Launches Ghana’s First-Ever Food Variability Report

wontumionlineBusinessGhana Statistical Service

Ghana Statistical Service has launched Ghana’s first-ever Food Price Variability Report to give an overview of the prices of selected food items within and across the 16 administrative regions. The report puts the Greater Accra region as being the most expensive in terms of food prices, having ranked as the highest in six out of the 10 considered food items. The launch of the report coincided with the announcement of the May 2023 Consumer Price Index and Inflation. The Government Statistician, Prof. Samuel Anim, who jointly launched the report with the Pro Vice Chancellor of the Kumasi Technical University, Professor…

08 Jun

Statistical Service To Integrate Natural Resources In Determination Of GDP

wontumionlineBusinessGDP, Ghana Statistical Service

The Ghana Statistical Service (GSS) will soon begin the integration of the country’s natural resources in the determination of Gross Domestic Product (GDP). This is in line with the United Nations System for Environmental and Economic Accounts (SEEA) framework adopted in 2012 for all countries. The framework offers a common methodology to measure a country’s wealth as a combination of produced infrastructure, social and human natural resources, which are referred to as Natural Capital. At a pre-forum media engagement on Natural Capital Accounting (NCA), Mr Kwame B. Fredua, Ghana/World Bank NCA Programme Coordinator, Environmental Protection Agency (EPA), noted that Ghana’s natural assets were undervalued…

04 May

Only 7.5 Million People Have Consistent Jobs In Ghana – GSS

wontumionlineNewsGhana Statistical Service

The Ghana Statistical Service has revealed that 2 out of every 3 unemployed persons in the country are female. Speaking at the launch of the third quarter labour statistics report of the Ghana Household Income and Expenditure Survey, government statistician, Professor Samuel Kobina Anim reveals that a total of 1.76 million people in the labour force were unemployed. He explained that in the third quarter pegging the unemployment rate as at the third quarter of 2022 at 13.7%. He also adds that only 7.5 million out of the 11 million employed people had consistent jobs. “1.76 million persons were unemployed…

04 May

1.76 Million Persons In Ghana Were Unemployed In Q3 2022 – GSS

wontumionlineBusinessGhana Statistical Service

In the third quarter of 2022, some 1.76 million people in the country were unemployed, according to recently released Third Quarter Labour Statistics compiled by the Ghana Statistical Service. Government Statistician, Professor Samuel Kobina Annim, presenting the findings from the Ghana 2022 Annual Household Income and Expenditure Survey (AHIES) said within this population, two out of every three unemployed persons were females. “Across the three quarters, about 157,000 persons experienced an unemployment spell i.e. they were unemployed in all the quarters. Close to 7.5 million persons remained employed throughout the three quarters out of the about 11 million persons employed…

20 Apr

Fourth Quarter 2022 Provisional Real GDP Increased By 3.7% – GSS

wontumionlineNewsGhana Statistical Service

Ghana's economy grew by 3.7 percent in the fourth quarter of 2022 (October to December) compared to the same period in 2021, according to recent figures released by the Ghana Statistical Service. This growth however beat the forecast which was earlier set at 3.1 percent by the government of Ghana. Government Statistician, Professor Kobina Annim presenting highlights of the Provisional 2022 Fourth Quarter and Annual GDP Estimates said when seasonally adjusted, Ghana's real GDP increased by 0.8 percent in the fourth quarter of 2022 representing 0.3 percentage points higher than what was recorded in the third quarter of 2022 (July…

23 Mar

Volta Region Records Highest Net Migration Loss – GSS

wontumionlineBusinessGhana Statistical Service

The Volta Region has recorded the highest number of people migrating to other countries in search of greener pastures, the Ghana Statistical Service (GSS) has revealed. It registered the highest out-migration rate of 27 percent, followed by the Upper West and Upper East regions with 21 percent and 20.4 percent respectively. The Eastern Region had an out- migration rate of 19.7 percent, Ahafo Region, 17.7 percent and Central Region, 17.2 percent. Meanwhile, Greater Accra had the highest gain of migrants amongst the six regions that saw a net gain of migrants at 35.1 percent, this was contained in the 2021…

15 Mar

Stop Using Our Name For Fake Recruitment – GSS Cautions Fraudsters

wontumionlineBusiness, NewsGhana Statistical Service

The Ghana Statistical Service (GSS) has cautioned fraudsters against using the name of the service for fraudulent recruitment operations. This follows the opening of a recruitment portal for an upcoming Integrated Business Establishment Survey (IBES) Phase 1 and the Ghana Living Standards Survey Round 8 (GLSS8) by the GSS. In a statement issued on Tuesday, 14 March 2023, the GSS said: “Recruitment for projects is always launched and conducted via the website of GSS, as in the case of the upcoming IBES and GLSS8.” It cautioned members of the public against dealing with anyone except using the link provided by…

22 Feb

Producer Inflation Falls Marginally To 52.1% In January 2023

wontumionlineBusinessGhana Statistical Service, Manufacturing, Mining and Quarrying, Producer Price Inflation

The Producer Price Inflation (PPI) for January 2023 fell marginally to 52.1%, from 52.2% recorded in December 2022. According to data from the Ghana Statistical Service, the Mining and Quarrying (68.2%), Transport and Storage (62.6%) and Manufacturing (53.3%) recorded rates above the national average, while Information and Communication Activity recorded the lowest rate of 1.2% in January 2023. However, the month-on-month change in the PPI between December 2022 and January 2023 was 0.9%. Mining and Quarrying The PPI in the Mining and Quarrying sub-sector decreased by 5.3 percentage points over the December 2022 rate of 73.4% to 68.2% in January…