Inflation Dips Further To 24.6%

Consumer Price Index (CPI) released by the Ghana Statistical Service (GSS) shows inflation rate dropped to 24.6% in October down 2.2% from that of September, which stood at 26.8%.

The drop is the deepest since inflation hit a 30.0% in April this year, but its descent has been painfully slow averaging just over 0.3% month–to-month changes.

Business and corporate chieftains see the drop as positive for Ghana’s investment drive, which also gives government the needed breather and assurance that year-end inflation forecast of 22.0% is attainable