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
-
Inflation to average 11.3% in 2027 – Fitch Solutions
22 minutes -
I didn’t campaign for NDC to come and do this nonsense – Kpebu on EOCO
23 minutes -
Fitch Solutions maintains its policy rate forecast of 14% by December 2026
29 minutes -
Diaspora Nasara Caucus congratulates Mohammed Ali Suraj, new NPP executives
2 hours -
Dr Antwi-Boasiako’s cybersecurity book showcased at UN crime prevention congress
2 hours -
We will empower the grassroots and protect every vote – NPP’s 1st Vice Chair Kojo Bamba
2 hours -
I do not see myself as better than anyone – NPP’s 1st Vice Chair Kojo Bamba
3 hours -
Police blur the line between invitations and arrests – Reindorf Twumasi Ankrah
3 hours -
Turning invitations into arrests is making citizens reluctant to assist police – Twumasi Ankrah
4 hours -
The Traffitech-GH SMS spot-fine system: The good, the sad, and the funny – Bright Simons writes
4 hours -
Hawa Koomson pledges experienced and mature leadership of NPP women’s wing
5 hours -
Young woman found dead at Kasoa Peace Town
6 hours -
Playback: The Law examined lawful arrest in Ghana
6 hours -
Mahama urges African governments to treat healthcare as an investment, not budget cost
7 hours -
Bawumia congratulates John Boadu and new NPP executives, pledges support ahead of 2028
7 hours