private sector

10 Sep

Private SSNIT Contributors Up 2.7%

wontumionlineBusinesspension, private sector, SSNIT

The total number of private sector SSNIT contributors, which partially gauges employment conditions, improved by 2.7 percent to 1,007,341 in May 2024, according to the Bank of Ghana’s Monetary Policy Report. This compares to 980,808 for the same period in 2023. Cumulatively, for the first five months of 2024, the total number of private sector contributors increased by 4.8 percent to 5,063,676, from 4,829,487 recorded over the corresponding period in 2023, the report noted. Additionally, the number of jobs advertised in selected print and online media, which partially gauges labor demand in the economy, remained largely unchanged in June 2024…

08 Mar

Private Sector Activity Expanded For First Time In A Year – Bog

wontumionlineBusinessprivate sector, Purchasing Managers Index

The country’s private sector activity expanded for the first time in a year as Ghana’s Purchasing Managers Index increased to 50.2 in February 2023, from 47.2 in January 2023, data from the Bank of Ghana has revealed. With indications of strengthening demand, production and new orders returned to growth. In addition, the purchasing activity rebounded, ending a 14-month decline, while inventory levels rose at the fastest rate since September 2021. On the pricing front, input costs climbed at the slowest rate in a year, but still significantly, as both purchase prices and labour expenses rose. Databank Research believes private sector…