Ghanas inflation rate to remain high until 2025 BoG
  • Business

Ghana’s inflation rate to remain high until 2025 – BoG

Ghana’s inflation rate is projected to decline gradually but stay above the target range of 8±2% until 2025, according to a May 2023 Monetary Policy Report by the Bank of Ghana (BoG). The report stated that the inflation outlook is mostly skewed to the downside, supported by the relative stability in the cedi exchange rate,

June 23, 2023

Food prices pushed Ghanas inflation rate up to 42.2 in May
  • Business

Food prices pushed Ghana’s inflation rate up to 42.2% in May

Ghana’s annual inflation rate rose slightly to 42.2% in May 2023 from 41.2% in the previous month, mainly driven by a surge in food prices. The Ghana Statistical Service (GSS) reported that food inflation increased sharply from 48.7% in April 2023 to 51.8% in May 2023, while non-food inflation declined to 34.6% from 35.4% over

June 15, 2023