Useless feature. What is the purpose of the article as a whole. It appears that you have issue with the level of inflation as captured by statistical service and you are of the view that it should be reviewed downwards taking ... read full comment
Useless feature. What is the purpose of the article as a whole. It appears that you have issue with the level of inflation as captured by statistical service and you are of the view that it should be reviewed downwards taking into consideration the economy of rural areas. Either you are living on mars or you are functionary of the ruling ndc party. To tell you the truth, the inflation figure has been massaged but not in the direction you appear to point but in the other direction. It's only when you go to market and make a purchase that you will know the true picture of the inflation figure has in Ghana. Judging by the prices of goods and services, the lowest figure that inflation can be honestly pegged should not be less than 40%.
SAINT 8 years ago
INFLATION IS ALSO BE CAUSED BY INCREASE IN MONEY SUPPLY WITHOUT ANY ANY CORRESPONDING INCREASE IN PRODUCTIVITY. COCAINE OR DRUG DEALING CAUSES INCREASE IN MONEY SUPPLY WITHOUT ANY CORRESPONDING INCREASE IN PRODUCTIVITY. HOW I ... read full comment
INFLATION IS ALSO BE CAUSED BY INCREASE IN MONEY SUPPLY WITHOUT ANY ANY CORRESPONDING INCREASE IN PRODUCTIVITY. COCAINE OR DRUG DEALING CAUSES INCREASE IN MONEY SUPPLY WITHOUT ANY CORRESPONDING INCREASE IN PRODUCTIVITY. HOW IS MONEY SUPPLY CAUSED BY COCAINE OR DRUG DEALING FACTORED INTO COMPUTATION OF INFLATION.
United Ghana 8 years ago
Inflation is a basically a money(however you define it even in a barter system) phenomenon. The author's distinction between the urban & rural economy/lifestyle is true, but, the conclusion that it should reflect in inflation ... read full comment
Inflation is a basically a money(however you define it even in a barter system) phenomenon. The author's distinction between the urban & rural economy/lifestyle is true, but, the conclusion that it should reflect in inflation stats is wrong. Rural folk play a lesser role in the cash economy - poverty being the cause - however, should they wish to purchase anything, they'd be faced with the same costs as urban folk. Disparity in rural & urban housing costs is a worldwide fact. Even in the urban setting, you have disparity in housing costs based on locality. We, therefore, have to guard against using the rural economy as a ruse to mitigating inflation figures.
ghanaman 8 years ago
The author makes a welcome case for the Ghana Statistical Service to revise its approach to compilation of inflation data, by considering the weights contributed by urban ad rural dwellers.
The author makes a welcome case for the Ghana Statistical Service to revise its approach to compilation of inflation data, by considering the weights contributed by urban ad rural dwellers.
Sankofa 8 years ago
The CPI is compiled with data on prices from all over the country, including rural areas.
The CPI is weighted to reflect the relative contribution of rural and urban dwellers.
The CPI is compiled with data on prices from all over the country, including rural areas.
The CPI is weighted to reflect the relative contribution of rural and urban dwellers.
maxwell hlorgbey 6 years ago
Ghana statistical service do not and never change its methodology of compilling cpi or what generally refers to as inflation .since the challenge was erroneous
Ghana statistical service do not and never change its methodology of compilling cpi or what generally refers to as inflation .since the challenge was erroneous
Useless feature. What is the purpose of the article as a whole. It appears that you have issue with the level of inflation as captured by statistical service and you are of the view that it should be reviewed downwards taking ...
read full comment
INFLATION IS ALSO BE CAUSED BY INCREASE IN MONEY SUPPLY WITHOUT ANY ANY CORRESPONDING INCREASE IN PRODUCTIVITY. COCAINE OR DRUG DEALING CAUSES INCREASE IN MONEY SUPPLY WITHOUT ANY CORRESPONDING INCREASE IN PRODUCTIVITY. HOW I ...
read full comment
Inflation is a basically a money(however you define it even in a barter system) phenomenon. The author's distinction between the urban & rural economy/lifestyle is true, but, the conclusion that it should reflect in inflation ...
read full comment
The author makes a welcome case for the Ghana Statistical Service to revise its approach to compilation of inflation data, by considering the weights contributed by urban ad rural dwellers.
The CPI is compiled with data on prices from all over the country, including rural areas.
The CPI is weighted to reflect the relative contribution of rural and urban dwellers.
Ghana statistical service do not and never change its methodology of compilling cpi or what generally refers to as inflation .since the challenge was erroneous