Business & Finance

Inflation Eases Further

Ghana’s inflation is gradually easing after skyrocketing towards the end of last year per data from the Ghana Statistical Service (GSS).

Inflation has for the third consecutive time fallen since August 2023.

The GSS says inflation currently stands at 35.2%, down from 38.1 per cent in September and 40.1 per cent in August 2023.

The ease is seen in food inflation as well which some time ago sponsored the general inflation rate of the country. According to the GSS, food inflation in September was 44.8%, down from 49.4% recorded last month.

It is the second lowest food inflation recorded in 14 months per data from the Service.

Meanwhile, non-food inflation fell to 27.7% with locally produced goods and imported products witnessing inflation rates of 34.4% and 37% respectively.

Regional Outlook
The North East Region still leads as the region with the highest inflation rate at 47.5% followed by the Volta Region at 40.1%, Northern at 40.6%, Western at 46.0%, Bono East at 36.8%, Upper West at 32.5% and Ashanti Region at 32.2%.

The Upper East recorded 34.2%, the Ahafo region 32.3%, Oti 33.1%, Bono 39.7%, Eastern 46.6%, Western North 37.8%, Central 33.2%, Savannah 28.5% and the lowest Greater Accra 29.8%.

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