Inflation falls to 11.6% in October

Posted on November 9, 2017November 9, 2017
by Nana Kwesi Coomson
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Ghana’s annual consumer price inflation fell to 11.6% in October from 12.2% the previous month on the back of lower transport and health costs, the statistics office said on Wednesday.

The major commodity exporter is following a $918 million credit programme with the International Monetary Fund that aims to restore fiscal balance and narrow inflation to 8% plus or minus 2 percentage points in 2018.

“There has been a general reduction of costs across the non-food subsector, but the key items affected most were the transport and health sectors,” acting government statistician Baah Wadieh told reporters in Accra.

Non-food inflation eased to 13.2% in October compared to 14.1 percent the month before while food inflation edged up to 8.2% from 8.1% in the previous month.

-Reuters

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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