Economic Indicators
Ghana’s inflation slows for fourth month in July
2024.08.14 07:23
ACCRA (Reuters) – Ghana’s consumer inflation slowed for a fourth consecutive month in July, to 20.9% year on year from 22.8% in June, the statistics service said on Wednesday.
Government statistician Samuel Kobina Annim told a news conference that the latest decline was the result of a fall in both food and non-food inflation.
The cocoa-, gold- and oil-producing West African country is battling to emerge from an economic crisis.
It cleared a key hurdle to restructure its international bonds in July, as its official creditors confirmed the proposed debt rework was not overly favourable to bondholders.
