Ghana Consumer Inflation Slows To 45.0% In March1 min read
ACCRA, April 12 (Reuters) – Ghana’s consumer inflation slowed to 45.0% in annual terms in March from 52.8% in February, the statistics service said on Wednesday.
It was the third consecutive month that inflation has slowed, since reaching a more than two-decade high of 54.1% in December.
Ghana is facing its worst economic crisis in a generation and is in the process of restructuring its debt in order to secure a $3 billion loan from the International Monetary Fund.
The central bank last month surprised analysts by raising its main interest rate to 29.5%, a sign the monetary policy committee did not yet see the country’s economic situation stabilising despite slowing inflation.
