Ghana: Inflation hits 4 year record high at 17%

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The rate at which the prices of goods and services change in Ghana has

hit 17% for the month of November, the highest in the last four years.

This was announced by the Ghana Statistical Service on Wednesday.

The 17% is however just a marginal increase from the October of 16.9%.

According to the Deputy Government Statistician Baah Wadeah, the rate

at which the prices of food rose in November was just about 0.1%,

increasing from 6.5% to 6.6%.

The average price of vegetables declined by about 5.5% but the overall

food inflation was driven by coffee, tea and cocoa which recorded

inflation rate of 20.5%.

In the previous month (September), inflation was at 16.50%, showing a

continuous rise of the country's inflation for several months.

The non-food inflation was flat at 24.1%, same as in October.

The Central Region recorded the highest rate of inflation, at 19.5%

while the Upper West Region recorded the lowest at 13.1%.

The Greater Accra Region recorded an inflation rate of 16.3% in the

month of November.

In terms of the imported items in Ghana, inflation hit 24.2%, locally

produced items recorded an inflation rate of 14.4%

Government is looking to reduce inflation to about 11.5% by the end of

2015, as announced by the Finance Minster Seth Terkper in the 2015

budget statement presented to Parliament in November.

Credit: Citifmonline.com

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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