<<Print>>

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.