Ghana: Inflation for April hits 14.7%

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


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


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.


Kofi Oppong Kyekyeku

I am a Ghanaian Broadcast Journalist/Writer who has an interest in General News, Sports, Entertainment, Health, Lifestyle and many more.

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