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.