Ghana’s inflation rate rose to the highest level in four months in November as the cedi continued to weaken.

Annual inflation quickened to 8.2% in from 7.7% in October, Government Statistician Samuel Kobina Annim told reporters in the capital, Accra, on Wednesday. The median estimate of three economists in a survey was 7.6%. Prices rose 0.7% in the month.

This is the first time since the statistics office started using a new base year for the consumer-price index from August that inflation is above the midpoint of the central bank’s target band of 6% to 10%. The agency hasn’t provided revised price-growth data for the months before August, complicating the calculation of longer term trends.

The central bank said in November it sees inflation staying inside its target range, barring any unforeseen shocks. The cedi extended losses after the central bank held its key rate at 16% last month, taking its fall against the dollar to 13.7% for the year. That is adding to price pressures.

Bloomberg

http://www.mediaissuesng.com/business-news/inflation-ravages-ghanas-economy/

Yep. 5.68 to the USD.

Here in Nigeria we are looking for investors and there in Ghana they are busy closing shops of Nigerian in investors which has always helped their economy to grow.
We know the border closure also contributed but its not wise to drive away Nigerians who we know spend heavily any where they are.
Just saying my own sha.

Mcreloaded:
Here in Nigeria we are looking for investors and there in Ghana they are busy closing shops of Nigerian in investors which has always helped their economy to grow.
We know the border closure also contributed but its not wise to drive away Nigerians who we know spend heavily any where they are.
Just saying my own sha.

Very good point.


Africans need to learn to accommodate each other in their countries no matter what because no nation or community can grow by shutting their door to visitors.


Lagos is great today is all because of non Lagosians who make up more than 70% of the Lagos population, which is how evert big and successful city is