Home / General News / Ghana’s inflation for October remains at 9.38%

Ghana’s inflation for October remains at 9.38%

Share this with more people!

Ghana’s inflation rate has remained unchanged at 9.38% in October, the Ghana Statistical Service has said. The inflation rate for the month of September was 9.38% a fall from 9.44% in August 2010.

The rate for October ends the 15-month downward spiral of the country’s inflation.

The rate of inflation was a high of 20.9% in March 2009 and it continued to fall till it hit 13.2% in March 2010.

In April 2010 inflation fell to 11.66% a reduction of 1.6% as against the Bank of Ghana’s projected fall of 1.1%.

In May this year, Dr. Seth Abbey, head of the Think Tank, Centre for Policy Analysis (CEPA) had warned that government should get on a broad economic front, adding ” you can’t be chasing inflation at the expense of everything else. Inflation is not an end in itself,” he said.
By Emmanuel K. Dogbevi

Share this with more people!

Check Also

Kumasi Customs Division mobilizes GH₵184.5m as revenue by July

The Ashanti Regional Customs Division of the Ghana Revenue Authority (GRA) generated a total of …