Ghana’s inflation drops to 52.8% amid lower food prices

Ghana’s inflation rate fell to 52.8 percent in February, down from 53.6 percent in January.
Ghana’s inflation rate fell to 52.8 percent in February, down from 53.6 percent in January.
A delegation led by Ghana’s Finance Minister, Ken Ofori-Atta, is expected to go to China this week to begin talks on the country’s US$1.7 billion bilateral debt restructuring. However, the discussion is coming off at a time the diplomatic rift between China and the United States (US) seems to be widening.
Ghana has given the final approval for the transfer of the 70 percent majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited) held by Vodafone Group Plc to Telecel Group.
Ghanaian banks’ capital will still weaken significantly as a result of Ghana’s sovereign domestic debt restructuring, despite the improved terms for creditors after several delays and modifications, Fitch Ratings says.