Audio By Carbonatix
Ghana’s annual consumer price inflation fell to 11.6% in October from 12.2% the previous month on the back of lower transport and health costs, the statistics office said on Wednesday.
The major commodity exporter is following a $918 million credit programme with the International Monetary Fund that aims to restore fiscal balance and narrow inflation to 8% plus or minus 2 percentage points in 2018.
“There has been a general reduction of costs across the non-food subsector, but the key items affected most were the transport and health sectors,” acting government statistician Baah Wadieh told reporters in Accra.
Non-food inflation eased to 13.2% in October compared to 14.1 percent the month before while food inflation edged up to 8.2% from 8.1% in the previous month.
Latest Stories
-
UTNMG condemns alleged financial exploitation at Bolgatanga Nurses’ Training College
54 seconds -
Ghana Prisons Service launches ‘Think Prison 360 Degrees’ initiative in Eastern Region
3 minutes -
He was a legend – NPP pays tribute to Daddy Lumba
15 minutes -
President Mahama arrives in Nigeria for 68th ECOWAS Heads of State Summit
27 minutes -
One dead, 3 injured in Juaboso-Bonsu Nkwanta road accident
40 minutes -
Awerco Construction denies claims World Bank cancelled Weija Paediatric hospital contract
44 minutes -
Photos: Ghana Prisons Service launches “Think Prison 360 Degrees” initiative
51 minutes -
Daddy Lumba: Brisk business as fans defy rains to honour highlife legend
54 minutes -
Fans defy heavy rains to celebrate life and music of Daddy Lumba
2 hours -
‘I won’t let their venom stain the memory of what we wore’ – Odo Broni’s pays tribute to late husband
2 hours -
Jospong Group braves morning rains to win souls for Christ
2 hours -
Livestream: Joy FM Nine Lessons and Carols underway at Labadi Beach
3 hours -
GNFS, Cadet Media launches ‘Fire Service Tales’ to promote safety education
3 hours -
Minority demands resignation of Ayariga, Dafeamekpor over OSP repeal bill
4 hours -
NDC doesn’t want the Special Prosecutor after them – John Darko on move to scrap OSP
4 hours