Ghana

    The Ghana Statistical Service announced on Wednesday that the country's inflation rate dropped to 23.2 percent in December last year, the fifth consecutive decrease since August 2023.

    The Bank Ghana (BoG) Monetary Policy Committee (MPC) has maintained the key policy rate at 30 percent, while introducing additional liquidity management measures to address excess liquidity and reinforce the disinflation process.

    The Bank of Ghana (BoG) Monetary Policy Committee (MPC) has kept the benchmark policy rate unchanged at 30 percent due to the stability observed in the macroeconomy, as indicated by the recent decline in domestic inflation.

    Ghana’s inflation rate increased to 43.1% in July, reaching the highest level in four months due to rising food costs which puts more pressure on the central bank to continue raising interest rates in the coming month. 

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    1. Ghana’s Central Bank raises benchmark interest rate to 30% amid soaring inflation
    2. Ghana's inflation rises to three-month high on soaring food prices
    3. Ghana’s GDP sees growth of 4.2% in 2023 first quarter
    4. Ghana’s inflation rate for March drops sharply to 45% – Report
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