By Redaction ARPS with Prime News
Ghana’s annual inflation rate fell to 11.5 percent in August, down from 12.1 percent in July. This is the lowest rate since October 2021.
Prices for both food and non-food items decreased, with food being the leading cause of inflation. The country is recovering from an economic crisis, and the cedi has appreciated by over 20 percent against the dollar this year.
The central bank has lowered its key interest rate to 25 percent, which is the most significant cut ever. Officials are hopeful about reaching the year-end inflation target of 11.9 percent sooner than planned.
Read more at: Ghana’s inflation drops to 11.5% in August – Prime News Ghana
