Ghana’s annual inflation rate ended December 2024 with a notable increase of 80 basis points, climbing to 23.8%.

Ghana’s economy in the second quarter of the year expanded at the fastest pace in five years dating back to the second quarter of 2019 beating expectation by analysts and economists.

Ghana’s inflation figure for June 2024 fell to 22.8%, the country’s lowest inflation figure since April 2022. 

The economy grew by 4.7 percent year-on-year in the first quarter of 2024, significantly outpacing the 3.8 percent growth recorded in the same period last year according to provisional data from the Ghana Statistical Service (GSS).