Ghana inflation slows for eighth month in a row

Africanews (in English)

Ghana inflation slows for eighth month in a row  Ghana's annual inflation rate slowed for the eighth month in a row in August, reaching its lowest level since October 2021, the government statistics service said on Wednesday.  READ MORE : http://www.africanews.com/2025/09/03/ghana-inflation-slows-for-eighth-month-in-a-row  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

Transcript

00:00Good news for Ghana, where inflation continued to decline in August for the eighth straight month in a row.

00:06It now stands at 11.5% year-on-year, down from 12.1% in July.

00:12That's the lowest level in almost four years.

00:15Both food and non-food prices eased last month, the government says,

00:20but food remains the largest driver of inflation.

00:23The gold, oil and cocoa producing West African nation is emerging from its worst economic crisis in decades.

00:30In July, the country's central bank showed faith in the improving situation by lowering its key interest rate to 25%,

00:37a cut of 300 basis points, the largest cut in its history.

00:43Government officials say they remain optimistic that they'll hit the year-end inflation target of 11.9% ahead of schedule.

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