Inflation slows in Ghana

Inflation in Ghana is slowing after peaking at 78,1% in November.

Based on information collected by the statistics service, producer value inflation retreated in December reaching now 52,2%.

Final month, client value inflation accelerated to 54.1% year-on-year pushed by rising gas, utilities and meals prices.

Based on consultants, the decline in month-on-month producer inflation may characterize a optimistic signal for subsequent month’s headline inflation determine.

Ghana’s troubled cedi foreign money noticed speedy appreciation towards the greenback in December after a employees stage settlement for a $3 billion IMF assist package deal was reached firstly of that month. It has since fallen again in the direction of document lows.