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Ghana’s Inflation Soars To 40.4% In October



Ghana’s Inflation Soars To 40.4% In October

One of the West African countries, Ghana is currently experiencing rise in her inflation figure which jumped to a 40.4 percent high in October compared to 37.2 percent last month.

The new inflation figure was revealed in a statement by Ghana Government Statistician, Samuel Annim, on Wednesday.

By implication, the figure will impact the pressure on the country’s central bank to continue increasing borrowing costs, already at a five-year high.


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The figure exceeded the median expectation of 39.5%.


Nigeria’s inflation figure will be released next week.

Hammed Tajudeen is the Editor-In-Chief of Blaze Newz Nigeria, graduated from Osun State Polytechnic, Iree with Higher National Diploma (HND) in Mass Communication.

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