Ghana’s headline inflation declined further to 11.5 percent in August, a 0.6-percentage-point drop from the 12.1 percent recorded in July, according to the latest data from the Ghana Statistical Service (GSS) on Wednesday.    “This is the eighth consecutive decline in headline inflation and the lowest since October 2021,” GSSContinue Reading

The Ghana Statistical Service (GSS) announced on Wednesday that the country’s headline inflation declined further to 12.1 percent in July, 1.6 percentage points lower than the previous month.    “The new inflation figure marks the lowest since October 2021 and the seventh straight drop in headline inflation,” GSS Government StatisticianContinue Reading

The Ghana Statistical Service (GSS) on Wednesday announced a further drop in the country’s inflation rate to 13.7 percent in June, 4.7 percentage points lower than 18.4 percent in May.    “This is the sixth consecutive year-on-year decline in inflation and the lowest since December 2021, signaling that policies introducedContinue Reading

The Bank of Ghana on Friday held its benchmark interest rate unchanged at 28 percent, citing a stronger local currency and easing inflation. Bank of Ghana  Governor Johnson Asiama noted at the Monetary Policy Committee (MPC) press briefing  that the cedi appreciated by 24.1 percent against the U.S. dollar betweenContinue Reading

The Ghana Statistical Service (GSS) on Wednesday announced a further drop in the country’s inflation rate to 21.2 percent in April, 1.2 percentage points lower than that of the previous month. “The slower rate of inflation in April was due to declining food and non-food inflation, coupled with the base-driftContinue Reading

Prof. Samuel Kobina Annim, Government Statistician

The Ghana Statistical Service (GSS) on Wednesday announced a drop in the country’s inflation rate to 22.4 percent in March, 0.7 percentage points lower than in the previous month. “The slower rate of inflation in March was due to declining food inflation and a marginal decrease in non-food inflation,” saidContinue Reading