Introduction
Ghana’s inflation has hit a record high since the beginning of the year 2022 Ghana’s annual inflation rate accelerated for the 13th consecutive month to 29.8% in June of 2022, from 27.6% in May, breaking the upper ceiling of the central bank’s target band of 6% to 10% for ten months and this is the highest since 2004. Records from the Ghana Statistical Service indicates that food inflation increased to 26.6% and non-food inflation increased to 21,3% as at end of April. Brand items in the inflation basket show 295 out of 305 items recorded price increases.
Source: Jerry.J.AFOLABI - Financial & Economic expert
| Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Featured Video
