Ghana: Rise in Inflation in Ghana, Nigeria Will Hinder Economic Growth – Deloitte

Professional services firm, Deloitte, has reiterated that the persistent rise in inflation in Ghana and Nigeria will hinder economic growth.

This is because businesses are experiencing increased costs, whilst consumers are cutting back on spending.

In its inflation update, Deloitte West Africa said, “The underlying inflation pressures, driven by food price volatility, exchange rate fluctuations and global commodity prices, are expected to persist in 2025.”

To this end, the firm believed that…