Ghana’s headline inflation rate drops to 23.2% in February
Ghana’s inflation rate for February 2024 dropped to 23.2% for month of February 2024.
Ghana’s inflation rate for February 2024 dropped to 23.2% for month of February 2024.
The Ghana Statistical Service announced on Wednesday that the country's inflation rate dropped to 23.2 percent in December last year, the fifth consecutive decrease since August 2023.
The Bank Ghana (BoG) Monetary Policy Committee (MPC) has maintained the key policy rate at 30 percent, while introducing additional liquidity management measures to address excess liquidity and reinforce the disinflation process.
The Bank of Ghana (BoG) Monetary Policy Committee (MPC) has kept the benchmark policy rate unchanged at 30 percent due to the stability observed in the macroeconomy, as indicated by the recent decline in domestic inflation.