Ghana’s consumer inflation increased in September 2024 after slowing for five consecutive months, driven by an increase in food prices.
Ghana’s statistics service announced this on Wednesday, October 2, 2024.
Inflation quickened to 21.5% year-on-year in September from 20.4% in August, the statistics service said.
Ghana’s government statistician Samuel Kobina Annim told a news conference that the increase was due to a 3 percentage point jump in food inflation.
Nigeria’s inflation rate drops to 32.15%
“This five-month successive decrease in the rate of inflation has been reversed in the month of September with food recording a higher rate,” Reuters quoted Annim as saying.
Last week, in response to improving economic indicators, including inflation, Ghana’s central bank reduced its main interest rate (GHCBIR=ECI), by 200 basis points to 27%, marking its first rate cut since January.
The cocoa, gold, and oil-producing West African country is battling to emerge from its worst economic crisis in a generation.
The Federal University, Gusau in Zamfara State has denied awarding professorship to the sacked Vice-Chancellor…
Technology company Globacom, on Thursday, November 21, 2024, delivered a brand new Toyota Prado car…
Kaduna State Governor Uba Sani has launched the 2024 Armed Forces Remembrance Day Emblem with…
A total sum of N77.5 million in prize money was won at the end of…
Bishop Olusola Odedeji of the Anglican Diocese of Lagos West was showered with encomiums for…
A former Deputy National Chairman of the Peoples Democratic Party, Bode George, says Nigerians are…
This website uses cookies.