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
-
‘Enough was enough’ – Mustapha Gbande says NPP insiders helped Mahama’s comeback
39 minutes -
We had enormous support from the NPP base to win 2024 elections – Mustapha Gbande reveals
1 hour -
Iceland becomes fifth country to boycott Eurovision
1 hour -
Trump launches $1m ‘gold card’ immigration visas
2 hours -
Venezuelan opposition leader makes first public appearance after months in hiding
2 hours -
Two buildings collapse in Morocco’s Fez killing 22 people
2 hours -
Why Africa’s next wave of growth depends on digital talent, education technology, and intelligent workforce platforms
4 hours -
Ghanaian tech innovator builds global platforms transforming education, jobs, healthcare, and business operations
4 hours -
Holders PSG held by Athletic Club in drab draw
4 hours -
Dortmund hopes hit by plucky Bodo/Glimt
4 hours -
MTN FA CUP 2025/2026: Late Amidu strike sends Kotoko through to next round
5 hours -
Mourinho’s Benfica beat Napoli for second Champions League win
5 hours -
Villa agree £10.5m deal for teenage winger Alysson
5 hours -
England to play Uruguay and Japan in March
5 hours -
Madueke double at Brugge helps Arsenal keep 100% record
5 hours