Home News Ghana’s inflation slows for fourth month in July

Ghana’s inflation slows for fourth month in July

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ACCRA, Aug 14 (Reuters) – Ghana’s consumer inflation slowed for a fourth consecutive month in July to 20.9% year on year, down from 22.8% in June, the statistics service said on Wednesday. Government statistician Samuel Kobina Annim attributed the decline to a fall in both food and non-food inflation.

The West African country, known for its cocoa, gold, and oil production, is working to overcome an economic crisis.

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In July, it made significant progress by clearing a key hurdle to restructure its international bonds, with official creditors confirming that the proposed debt rework was fair to bondholders.

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