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Ghana Inflation Falls More Than Estimates on Lower Fuel, Food Costs

  • Inflation slowed to 45% in March; median est. was 49.8%
  • Currency resurgence will likely help keep inflation in check
Updated on

Ghana’s inflation rate fell more than expected in March on a sharp drop in food and gasoline prices and is likely to continue the downswing because of a stronger currency.  

Annual inflation slowed for a third straight month to 45% from 52.8% in February, Government Statistician Samuel Kobina Annim told reporters Wednesday in the capital, Accra. The median estimate of seven economists in a Bloomberg survey was 49.8%.