Ghana’s consumer inflation eased to 4.6% year-on-year in July from 5.3% in June, the first month it had \u200bdecreased since March, data from the statistics service showed \u200bthis Thursday.<\/p>\n
Government Statistician Alhassan Iddrisu said slower food inflation \u2060was a key driver of the decrease.<\/p>\n
Over 86% \u200bof Ghana’s inflation comes form goods and services made in the \u200bWest African country, meaning domestic costs like transport and energy matter most, the statistics service said.
\nInflation stood at 12.1% \u200bin July last year.<\/p>\n
“In the space of \u200b12 months the speed at which prices are rising has \u200cfallen \u2060by more than half,” Iddrisu told reporters.<\/p>\n
The gold oil and cocoa-producing nation has been emerging from its most severe economic crisis in decades.<\/p>\n
Ghana’s \u200bFinance Ministry maintained \u200bits \u2060key macroeconomic targets for the year in a mid-year budget review last month, \u200bsaying an economic recovery was on track.<\/p>\n
The \u200bcentral bank \u2060held its main interest rate steady for the second meeting running in July, saying vigilance was needed \u2060to \u200bensure that inflation does \u200bnot rise above its 6% to 10% target band.<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":41357,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-41724","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The gold oil and cocoa-producing nation has been emerging from its most severe economic crisis in decades.","published_date":"","news_description":"The gold oil and cocoa-producing nation has been emerging from its most severe economic crisis in decades.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41724\/revisions"}],"predecessor-version":[{"id":41725,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41724\/revisions\/41725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/41357"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=41724"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=41724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}