Ghana Inflation Drops to 3.8 Percent As Nigeria Struggles With Double-Digit Rates

Ghana’s inflation rate eased to 3.8 per cent year-on-year in January, extending its disinflation streak to 13 consecutive months and strengthening signs of price stability in the West African economy, even as neighbouring Nigeria eyes a single-digit inflation figure.

Fresh data released on Wednesday by the Ghana Statistical Service (GSS) showed inflation fell sharply from 5.4 per cent recorded in December, driven largely by a significant slowdown in food prices.

The latest reading marks Ghana’s…