Ghana’s annual consumer price inflation fell to 12.2 percent in September from 12.3 percent the previous month driven by lower utility prices, the statistics office said on Wednesday.
The major commodity exporter is following a $918 million credit programme with the International Monetary Fund that aims to restore fiscal balance and narrow inflation to 8 percent plus or minus 2 percentage points in 2018.
“Inflation for September was mainly driven by lower water and electricity prices compared to last year,” deputy government statistician Anthony Amuzu told reporters in Accra.
Non-food inflation eased to 14.1 percent compared to 14.7 percent the month before while food inflation rose to 8.1 percent in September from 7.4 percent in the previous month.
Amuzu said despite the rise in food inflation, which was mainly driven by fish and seafood, the onset of the August-October harvest season had led to lower prices of major staples such as yam and cereals.
Non-food inflation eased to 14.1 percent compared to 14.7 percent the month before while food inflation rose to 8.1 percent in September from 7.4 percent in the previous month.
Amuzu said despite the rise in food inflation, which was mainly driven by fish and seafood, the onset of the August-October harvest season had led to lower prices of major staples such as yam and cereals.
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