Theo Acheampong welcomes drop in Ghana’s inflation
Published:
3 months ago
Source:
3News
Theo Acheampong
An economist Dr Theo Acheampong has welcomed the fall in Ghana's inflation rate which dropped to 20.9 percent in July as announced by the Government Statistician Professor Samuel Anim on Wednesday, August 14. The drop marks the fourth consecutive month of decline in the rate. The drop represents a 2.1 percentage point decrease from June's 23.0%, signalling a gradual easing of the economic pressures that intensified throughout 2023. This sustained decline in inflation, which began in April 2024, indicates a steady cooling of price growth. Reacting to this in a post on his Xplatform, Dr Acheampong said "Ghana's inflation falls for fourth consecutive month with declines in both food and non-food inflation.