Local goods inflation rises despite tax relief – Mark Badu-Aboagye
Locally manufactured goods have seen inflation rise despite tax relief for businesses, the CEO of the Ghana National Chamber of Commerce and Industry said.
Despite tax relief for businesses, inflation in locally manufactured goods continues to rise, according to Mark Badu-Aboagye, CEO of the Ghana National Chamber of Commerce and Industry. During an interview on Joy News’ PM Express Business Edition, Mr. Badu-Aboagye explained that while the broader business environment had improved, with a more stable exchange rate and falling interest rates, inflation figures for local goods suggested unresolved challenges.
He noted that the cost of locally manufactured goods had seen a small increase in inflation, indicating that there were still obstacles to overcome.
Mr. Badu-Aboagye described the 2026 budget as largely business-friendly and acknowledged that tax relief had provided benefits to both businesses and consumers. He also pointed out that lower interest rates had helped ease production costs. However, he emphasized that the national average for inflation stood at 5.5 percent, with some regions experiencing higher inflation rates.
Despite these variations, Mr. Badu-Aboagye maintained that prices had been broadly stable on average. He attributed this performance partly to exchange rate stability and improved production costs. He suggested that further tariff reductions, alongside existing tax relief, could have contributed to bringing down inflation for locally manufactured goods.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
