Economy

Ghana consumer inflation slows to 22.8% year-on-year in June

Date: Jul 10, 2024

Ghana's consumer inflation , opens new tab slowed for a third consecutive month to 22.8% year-on-year in June from 23.1% in May, the statistics service said today.

Government Statistician Samuel Kobina Annim told a news conference that the June inflation was largely driven by a decline in non-food inflation which dropped to 21.6%, enough to mute an increase in 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 last week, as its official creditors confirmed the proposed debt rework was not overly favourable to bondholders.

--Reuters--

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