{"id":31684,"date":"2024-12-17T14:51:41","date_gmt":"2024-12-17T14:51:41","guid":{"rendered":"https:\/\/sotnews.agency\/?p=31684"},"modified":"2024-12-17T14:51:41","modified_gmt":"2024-12-17T14:51:41","slug":"persistent-rise-in-inflation-in-ghana-nigeria-to-stifle-economic-growth-deloitte","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=31684","title":{"rendered":"Persistent rise in inflation in Ghana, Nigeria to stifle economic growth \u2013 Deloitte"},"content":{"rendered":"
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The persistent rise in inflation in Ghana and Nigeria will stifle economic growth, Deloitte West Africa has revealed in its November 2024 Inflation Update.<\/p>\n

According to the leading professional services firm, businesses face higher costs while consumers have cut spending, worsening the ongoing cost of living crisis.<\/p>\n

This is coming after inflation in Ghana surged for the third-consecutive month to 23%, driven by rising food prices and election spending.<\/p>\n

Headline inflation in Nigeria also rose to 34.60%, reflecting a further increase in the cost of goods and services.<\/p>\n

Deloitte warned that Christmas-related spending will spur inflation upwards in December 2024.<\/p>\n

The Economist Intelligence Unit is projecting an average inflation rate of 22.4% for Ghana and 33.2% for Nigeria in 2024.<\/p>\n

This is expected to decline to 15.2% and 27.7% in 2025 for Ghana and Nigeria respectively, supported by improved foreign exchange stability, trade policy and base effects.<\/p>\n

Ghana\u2019s November 2024 inflation was driven by five divisions. They were led by Alcoholic Beverages, Tobacco and Narcotics (30.0%); Housing, Water, Gas and Electricity (29.20%) and Health (22.20%).<\/p>\n

The post Persistent rise in inflation in Ghana, Nigeria to stifle economic growth \u2013 Deloitte<\/a> first appeared on 3News<\/a>.<\/p>

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The persistent rise in inflation in Ghana and Nigeria will stifle economic growth, Deloitte West Africa has revealed in its November 2024 Inflation Update. According to the leading professional services… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-31684","post","type-post","status-publish","format-standard","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/31684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31684"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/31684\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}