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)

New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.


Please enter your comment!
Please enter your name here

Latest news

Ibadan Residents Protest Over Economic Hardship

Ibadan, Nigeria - Following high cost of living, food inflation and current economic hardship in the country, the residents...

NGO Relieves Widows With Cash, Food Items In FCT

Abuja, Nigeria -  In a bid to alleviate the current economic challenges in the country, the Touch Me Foundation...

Customs Intercepted 15 Trucks Of Smuggled Foods In Sokoto

Sokoto, Nigeria - The Nigeria Customs Service, on Sunday, said that it intercepted 15 trailers that were fully loaded...

South Africa, Cote d’Ivoire, Other Embassies Owing $5.3M Ground Rents In Abuja

Abuja, Nigeria - Foreign embassies and high commissions owed ground rents of $5,368,218 million in 2023, disclosed the Federal...
- Advertisement -spot_imgspot_img

natnudO Foods, FUNAAB Partner For Entrepreneurial Poultry Project

Abeokuta, Nigeria - Fueled by a shared vision of nurturing future agricultural leaders and boosting Nigeria's food security, natnudO...

GAC Motor Nigeria Pioneers Celebration Of Funke Akindele’s Hallmark Movie

Lagos, Nigeria - The giants of Filmmaking in the Nigerian Entertainment Industry gathered at the world class GAC Motor...

Must read

South Africa, Cote d’Ivoire, Other Embassies Owing $5.3M Ground Rents In Abuja

Abuja, Nigeria - Foreign embassies and high commissions owed...

For Every $1 Gains From Tobacco, Country Spends $3 On Healthcare

Lagos, Nigeria - The Federal Government has stated that...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you