Inflation & Prices
Ghana’s Inflation Rate Falls, Easing Rate Hike Pressure
- Consumer prices rose 35.2% in October from 38.1% in September
- Central bank will give final rate decision for year on Nov. 27
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Ghana’s inflation rate fell more-than-anticipated to a 14-month low in October, providing further room to the central bank to keep borrowing costs unchanged when its monetary policy committee meets later this month.
Annual inflation cooled to 35.2% from 38.1% in September, Government Statistician Samuel Kobina Annim said in the capital, Accra, on Tuesday. The data release was brought forward by a day to accommodate the announcement of the 2024 budget by Finance Minister Ken Ofori-Atta on Nov. 15.