Dollar to Naira News

Ghana’s Consumer Inflation Slows To 22.8% Year-On-Year In June – Independent News

Ghana’s consumer inflation slowed for a third consecutive month to 22.8% year-on-year in June from 23.1% in May, the statistics service said on Wednesday.

Government statistician Samuel Kobina Annim told a news conference that the June inflation was largely driven by a decline in non-food inflation which dropped to 21.6%, enough to mute an increase in food inflation.

The cocoa-, gold- and oil-producing West African country is battling to emerge from an economic crisis.

It cleared a key hurdle to restructure its international bonds last week, as its official creditors confirmed the proposed debt rework was not overly favorable to bondholders.

(SOURCE: REUTERS)

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