Inflation will tumble – Ernest Addison

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has projected a downward inflationary trend in the next economic year, barring any external pressures.

According to Dr Addison, the central bank is keen on meeting its medium to long term inflation target of 8 ± 2 per cent for the fiscal year.

Inflation over the past few months has witnessed a marginal decrease to its current state at 7. 6 per cent.

“…We’re currently at 7.6 per cent; we expect that inflation will continue to trend downwards, at least, below the medium-term target of 8 per cent … We also talk of the external factors and we’re hoping that the external environment will continue to be conducive,” Dr Addison stated at a panel discussion at the 8th edition of the Ghana Economic Forum in Accra on Wednesday, 30 October 2019.