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. Mark Badu-Aboagye said the increase showed that pressure on production costs persisted, even as businesses benefited from a more stable exchange rate and falling interest rates. Speaking on Joy News’ PM […]
The Ghana National Chamber of Commerce and Industry's CEO, Mark Badu-Aboagye, reported that inflation for locally manufactured goods has risen despite tax relief for businesses. Speaking on Joy News' PM Express Business Edition, he clarified that this inflation increase demonstrated that production cost pressures persisted, even as businesses enjoyed a more stable exchange rate and falling interest rates.
Badu-Aboagye acknowledged that the broader business environment had improved, but the specific figures on local goods inflation indicated unresolved challenges. He noted that the 2026 budget had been largely business-friendly and that tax relief had benefited both businesses and consumers. He also pointed out that lower interest rates had helped ease production costs, with businesses contributing to single-digit inflation by limiting price increases.
However, he maintained that the national average, which stood at 5.5 percent, reflected broadly stable prices overall. Badu-Aboagye suggested that further tariff reductions could have helped lower inflation for locally manufactured goods.
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