AfricaGhana Records Highest Inflation Rate Since 2004

Ghana Records Highest Inflation Rate Since 2004

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The Ghana Statistical Service (GSS) on Wednesday said the Ghana’s inflation rate reached 23.6 percent in April, making the highest since 2004.

The Government Statistician, Samuel Kobina Annim, said at a regular press conference that the food inflation increased to 26.6 percent and the non-food inflation increased to 21.3 percent in April.

Providing policy considerations for national and subnational decision-makers, the government statistician revealed that 295 out of the 305 brand items in the inflation basket recorded price increases.

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“And 99 of the items recorded higher inflation rates than the national average inflation rate of 23.6 percent,” he added.

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The Bank of Ghana, which is mandated to ensure price stability, is set to review the economy and make policy decisions in response to the surging inflation later this month.

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