Market News
Ghana inflation rises in April for first time since December 2024 -
BY Emmanuel Bruce and Christian Akorlie
ACCRA, May 6 (Reuters) – Ghana’s consumer inflation rose for the first time since December 2024 to 3.4% year-on-year in April from 3.2% in March, the statistics service said on Wednesday.
Government statistician Alhassan Iddrisu said the increase was mostly driven by services like transport, education, restaurants and accommodations.
“Inflation remains slow overall but we are beginning to see a slight upward movement,” Iddrisu said.
He added that food inflation was lower in April than in the same month last year.
The gold-, oil- and cocoa-producing nation has been emerging from its most severe economic crisis in decades.
Iddrisu said global shocks and regional disruptions had started to push food and fuel prices up again but those pressures are not yet fully reflected across all items.
