Inflation for the month of April has hit a high
rate of 14.7 percent. This figure was up from a
rate of 14.5 percent recorded in March.
This means the average prices of goods and
services in Ghana have gone up 14.7 percent
in the past one year. This is the highest since
February 2010.
The average prices of food and beverages
however went up by 7 percent in April. The
food inflation was dominated by Mineral water
and soft drinks whose average prices went up
by 22.1 percent compared to same period last
year.
Ashanti Region recorded the highest rate of
inflation with 17.4 percent while Upper West
recorded the lowest with a rate of 9.8 percent.
Average prices of goods and services in the
Greater Accra region however were up by 14.7
percent.
Deputy Government statistician Baah Wadeah
addressing the media today said "For the food
inflation we realized that it was fairly stable
between March and April, 2013. It was around
6.67percent. Then it started an ascendency
from about June 2013 to about September
2013, from 7.3 to 8.9 percent. It then dipped
to 6.9 percent and then fairly stable between
November 2013 and January 2014".
The Non-food group inflation also went up to
20.6 percent compared to a rate of 19.2
percent recorded in March. The group's
inflation rate was dominated by Housing,
water, electricity and gas where the prices
went up by a staggering 50.5 percent.
The International Monetary Fund (IMF) after its
Article IV Consultation with Ghana is projecting
2014 to end at an inflation rate of 12.3 percent.
