Disinflation remains on track – BoG

Domestic price developments since the last Monetary Policy Committee indicate a disinflation process that remains on track, Bank of Ghana Governor Ernest Addison has said.
This was largely supported by the still-tight monetary policy stance and easing food inflation, Dr Addison noted.
He said headline inflation has declined consistently since the last MPC to 20.4 per cent in August from 22.8 per cent in June, and 20.9 per cent in July 2024, driven mainly by food inflation.
Food inflation declined to 19.1 per cent in August from 24.0 per cent in June, and 21.5 per cent in July, while non-food inflation dropped marginally to 21.5 per cent from 21.6 per cent in June 2024, Dr Addison reported.
He said the central bank’s main core measure of inflation, which isolates prices of energy and utility items from the consumer basket, eased to 19.4 per cent in August 2024 from 22.1 per cent in June.
Trending Business
Minority ‘exposes’ Finance Minister on misleading information in Mid-Year Budget presentation
13:35Strip NPA of fund management duties -CEMSE and RMA demand
08:41True value of a currency lies in its purchasing power, not exchange rate – Gideon Boako to Ato Forson
08:05GRA Customs boss warns corrupt officials, vows to protect revenue integrity
05:02Ghana receives 2,000 tons of Fertilisers from Morocco to boost agriculture
02:08DVLA to go fully digital with sticker-only DP numbers at ports from August 1
15:21DVLA partners SIC Insurance to introduce insurance cover for DP car plates
17:16Fueling Africa’s future: How Rik Energy plans to penetrate West and East African markets
14:19Ato Forson uncovers 14,000 ghost names on gov't payroll
11:43IMF endorses measures announced in Mid-year Budget Review
07:23