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
-
52 foreign nationals arrested in Northern Region over human trafficking, cybercrime
9 minutes -
Kofi Kyereh returns to Freiburg training after almost 3 years out
31 minutes -
US Embassy to launch FIFA Pass visa system for World Cup travelers
32 minutes -
13 sex workers arrested in Tamale made to clean market as a deterrent
47 minutes -
Prof Andrew Owusu unanimously elected to represent Africa on World Olympians Association leadership
2 hours -
GPRTU arrest: ‘Not belonging to a union is not a crime’ – Martin Kpebu
2 hours -
Ibrahim Sulemana completes loan return to Cagliari
2 hours -
Prejudicial remarks against Ofori-Atta shameful, hypocritical – Frank Davies
2 hours -
No law allows GPRTU to arrest drivers over fare disputes – Kennedy Osei Nyarko
2 hours -
Update: Fire at Madina Zongo Junction successfully contained
2 hours -
A Closer Look at a 21-Day Religious Fast
3 hours -
NPP’s Osei Nyarko condemns ‘high-handedness’ in crackdown on driver overcharging
3 hours -
Gwollu, Resistance, and Renewal: The living legacy of the Tanjia Musa Fire Festival
3 hours -
Ofori-Atta isn’t scared of criminal prosecution, he will come at the right time – Frank Davies
4 hours -
Firefighters battle blaze at Madina Market
4 hours