Ghana Central Bank Wins Breathing Space as Inflation Eases
- Consumer prices rose 38.1% in September versus 40.1% in August
- Bank of Ghana forecasts inflation at 29% by year end
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Ghana’s inflation rate fell to a 12-month low in September, providing room for the central bank to leave borrowing costs unchanged next month.
Annual inflation eased to 38.1% from 40.1% in August, Government Statistician Samuel Kobina Annim told reporters in the capital, Accra, on Wednesday. The median of five economists’ estimates in a Bloomberg survey was 37.3%.