AfricaInflation In Ghana Rises To 33.9 Percent

Inflation In Ghana Rises To 33.9 Percent

-

- Advertisment -spot_img

Accra, Ghana – The annual consumer inflation maintained an upward surge in Ghana, increasing to 33.9 percent in August, the Ghana Statistical Service said Wednesday.

Inflation In Ghana Rises To 33.9 Percent
Ghana’s flag |File Image

The Government Statistician, Samuel Annim who announced this at a press briefing, attributed the rise in the inflation rate to the increasing prices of food and non-food items.

He said the inflation rate for food increased to 34.4 percent in August from 32.3 percent in July, while non-food inflation surged to 33.6 percent during the month under review from 31.3 percent in July.

In the meantime, inflation stood at 33.4 percent for locally produced items and 35.2 percent for imported items.

Read Also: Colonisation, Abuse Stain Elizabeth II’s Memory In Africa

The Bank of Ghana, the central bank, announced on Aug. 18 a 300 basis points increase in the benchmark policy rate to 22 percent, saying the decision to increase the rate was aimed at combating the ever-surging inflation and continued depreciation of the local currency. (Xinhua)

newswebbs
newswebbshttps://newswebbs.com
New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Nigeria, ECOWAS Members, have Rare Minerals – Tuggar

Nigeria's Foreign Affairs Minister, Yusuf Maitama Tuggar, stated that the country and some members of the Economic Community of...

PenCom: Newspaper Owners Owe Journalists Over N720m Unpaid Pension Contributions

Abuja, Nigeria - The National Pension Commission (PenCom) has raised alarm over widespread non-compliance with the Pension Reform Act...

Nicolas Sarkozy: Former French president Loses Prestigious “Legion of Honour Award”

Following last year conviction of corruption and influence peddling, former France’ President, Nicolas Sarkozy has lost his Legion of...

Governor Soludo Calls for Progressive and Ethical Rebirth in Rebuilding Nigeria

AWKA, NIGERIA - On Nigeria's Democracy Day, Anambra State Governor, Prof. Chukwuma Charles Soludo, who delivered a thought-provoking speech...
- Advertisement -spot_imgspot_img

Akabanga Lagos Becomes Exclusive Distributor of Rwanda’s Iconic Chili Oil in Nigeria

LAGOS NIGERIA - Akabanga Lagos has officially become the sole distributor of Akabanga Chili Oil in Nigeria, following its...

SUNU Assurances Nigeria Plc Hosts 38th Annual General Meeting, Approves 2024 Dividend Payment

LAGOS, NIGERIA - SUNU Assurances Nigeria Plc, a member of SUNU Group has successfully hosted its 38th Annual General...

Must read

- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you