The Ghana Statistical Service (GSS) is certain it will release rebased inflation figures next week.
The service has failed to announce the new figures despite announcing it will do so three months ago.
The GSS for three consecutive times postponed the announcement citing a number of challenges.
The new revised figure is expected to reflect the change in expenditure patterns of households including specific goods that people use now.
A total of 266 items will be in the basket as compared to the previous basket of 242 items.
Acting Government Statistician, Dr Philomena Nyarko in an interview with Citi Business News
said the delay was due to some inconsistencies recorded in the data collected.
“We have done all the calculations but when you do any statistical works you have to validate your results and whilst we were validating our results we realized one data point was out of range so we need time to go into the data base to find out what is contributing to this extra ordinary data point once this is done we will release the figures.”
She expressed optimism that the new figure will be released this time round saying, “next week I am certain we will release the new rebased CPI as well as the PPI and quarterly GDP figures.”
By: Vivian Kai Mensah/citifmonline.com/Ghana