Finance expert from Andrews University, USA, Professor William Peprah has warned that rising costs of products and services could lead to higher inflation in Ghana, placing additional financial pressure on households.
Speaking on JoyNews The Pulse on Thursday, Prof. Peprah noted that any decision by industries to increase prices would directly affect the Consumer Price Index (CPI), potentially reducing the purchasing power of Ghanaians.
“Should industries go ahead with increases—particularly petrol, transport fares, and satchet water for workers—the CPI or inflation index is likely to rise,” he explained. “This will place a financial burden on Ghanaians and affect their day-to-day living.”
“No one knows when this war will end, and its ripple effects will continue to impact local economies,” Prof. Peprah added.
Ghana’s inflation rate continued its downward trend in March 2026, falling to 3.2%, according to the latest data released by the Ghana Statistical Service (GSS).
The finance professor urged policymakers, businesses, and households to prepare for potential adjustments in living costs while exploring measures to mitigate the financial impact.
Ghana’s economy has already experienced pressures from global fuel prices and supply chain disruptions, and experts say careful monitoring is needed to prevent rapid spikes in inflation that could further strain household budgets.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Source: www.myjoyonline.com