Ghana inflation declines slightly hitting 15.5% in November
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Ghana’s Consumer Price Inflation continues to decline as it dropped further to 15.5 percent in November from the 15.8 percent record in October 2016, down by 0.3 percentage points.
Ghana’s Consumer Price Inflation continues to decline as it dropped further to 15.5 percent in November from the 15.8 percent record in October 2016, down by 0.3 percentage points.
Ghana's central bank cut its policy rate by 50 basis points to 25.50 percent, saying the downside risks to economic growth now outweighed the risks of high inflation.
Government has raised 438 million cedis ($110 million) worth of bids for its first 10-year domestic bond issued yesterday at a cost of 19 percent.
On Oct. 21, 2016, S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Ghana. The outlook is stable.