Ghana inflation rises for fourth straight month in December


ACCRA (Reuters) – Ghana’s client inflation rose for a fourth month in a row in December, to 23.8% 12 months on 12 months from 23.0% in November, the statistics service mentioned on Wednesday.

Authorities statistician Samuel Kobina Annim instructed a information convention that the most recent improve was pushed by greater meals costs.

“The speed of inflation… is the third highest within the final 13 months and highest within the final eight months,” Annim mentioned.

The West African gold and cocoa producer has been struggling to emerge from its worst financial disaster in a technology.

President John Dramani Mahama, who was sworn in for a second time period on Tuesday, has pledged to sort out inflation and foreign money depreciation to mitigate Ghana’s cost-of-living disaster.

admin

Share
Published by
admin

Recent Posts

Excessive inflation could possibly be right here to remain

Inflation is more likely to decide up due to President Donald Trump’s sweeping tariffs, and…

54 minutes ago

Excessive inflation may very well be right here to remain

Inflation is prone to decide up due to President Donald Trump’s sweeping tariffs, and will…

54 minutes ago

Inventory markets droop for second day operating after Trump pronounces tariffs – in worst day for indexes since COVID

Worldwide inventory markets have plummeted for the second day operating because the fallout from Donald…

1 hour ago

JPMorgan turns into the primary Wall Avenue financial institution to forecast a US recession following Trump’s tariffs

JPMorgan believes the US financial system will enter a recession within the again half of…

2 hours ago

US Treasuries Acquire as Commerce Struggle Spurs Inflation and Development Angst

(Bloomberg) -- Treasuries climbed because the fallout from President Donald Trump’s tariffs convulsed markets for…

3 hours ago

Wall Avenue fears Trump’s tariffs will wipe out 2024’s inventory market good points

Shares sank on Friday as the fact of an all-out commerce warfare following President Trump's…

4 hours ago