Government missed its end-of-year inflation target of 15% as the December inflation rate surged to 23.8%, according to the Ghana Statistical Service.
This represents a slight increase from the 23.0% recorded in November, marking the fourth consecutive month of rising inflation.
Food inflation was the primary driver of the increase, jumping from 25.9% in November to 27.8% in December.
In contrast, non-food inflation saw a slight decrease, falling from 20.7% to 20.3%.