Ghana: October records 8.4% Producer Inflation
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The Producer Price Inflation (PPI) rate for October 2020 was 8.4 percent, the Ghana Statistical Service (GSS), has announced on Wednesday, November 18.
The Producer Price Inflation (PPI) rate for October 2020 was 8.4 percent, the Ghana Statistical Service (GSS), has announced on Wednesday, November 18.
Fitch Ratings has affirmed Ghana's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook.
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 14.5 per cent, citing improved outlook to growth and inflation.
Ghana's central bank left its policy rate steady, saying "some monetary restraint" is needed as the budget deficit and inflation has risen following the extraordinary fiscal and monetary stimulus measures that were taken to boost economic activity during the COVID-19 pandemic.