Home / General News / Ghana’s inflation rate for November 2011 virtually unchanged

Ghana’s inflation rate for November 2011 virtually unchanged

Share this with more people!

Ghana recorded an inflation rate of 8.55% in November 2011, down from October’s 8.56%, according to figures released by the Ghana Statistical Service (GSS) December 14, 2011.

Ghana is targeting an end-year inflation rate of 9%.

With the insignificant drop, it is likely that the Bank of Ghana (BoG), which factors the inflation rate in its policy rate, will leave the lending rate unchanged at 12.5%.

The country’s policy rate will be announced December 21, 2011, according to a statement from the central bank.

By Ekow Quandzie

Share this with more people!

Check Also

Prof. Alex Dodoo sworn in as President of African Organisation for Standardisation

The Director General of the Ghana Standards Authority (GSA), Professor Alex Dodoo, has been sworn …