Ghana Inflation Falls Below 10 Percent for First Time Since 2021

TLDR

• Ghana’s inflation slowed to 9.4% in September, marking its ninth consecutive monthly decline and the first single-digit reading since August 2021
• The rate now sits within the Bank of Ghana’s medium-term target band of 8% ±2%, reaching the end-2025 target three months ahead of schedule
• Food inflation decreased to 11% from 14.8%, while the rate of imported goods slowed to 7.4% and services to 4.8%

Ghana’s inflation slowed to 9.4% in September, marking its ninth consecutive monthly decline…