Inflation & Prices
Ghana Inflation Slows to a Two-Year Low Puts Rate Cut in Focus
- Annual inflation for June was 22.8%, median estimate was 22.5%
- Bank of Ghana will announce interest-rate decision on July 29
A trader hands Ghana cedi banknotes to a customer at the Makola market in Accra.
Photographer: Ernest Ankomah/BloombergThis article is for subscribers only.
Ghana’s annual inflation slowed to a more than two year low in June, potentially putting an interest-rate cut on the table, though food price gains accelerated.
Consumer prices rose 22.8%, their slowest pace since March 2022, from 23.1% in May, Government Statistician Samuel Kobina Annim told reporters in the capital, Accra, on Wednesday. The median of three economists’ estimates in a Bloomberg survey was 22.5%.