Inflation in the Communication industry is 0.6 per cent, the lowest among all the key sectors in Ghana.
The near-zero growth in cost of telecommunication services in Ghana has produced a stabilization effect on Ghana�s Consumer Price Index (CPI) growth month on month.
The Consumer Price Index measures changes in the price level of consumer goods and services purchased by households.
A statement from the Ghana Chamber of Telecommunication said between Jan and July 2012, telecoms recorded stable inflation, yielding 0.7% each month, with notably transportation being the highest commodity group with 19%.
Electricity, which constitutes 50% of the operating expenditure of telecom companies and other utilities, recorded 8% average inflation.
In August and September 2012, telecoms inflation dropped even further to 0.2%, with the highest commodity group still being transportation with 19.4%.
The statement said the telecom sector, which had created over 1.5 million jobs, had had a positive influence on general inflation.
"Telecommunication has been acknowledged as a major driver of economic growth and social development globally."
Source: GNA
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |