APA – Accra (Ghana)
Ghana’s inflation rate dropped slightly from 54.1 per cent in December 2022 to 53.6 per cent in January this year, according to the Ghana Statistical Service.
This is the first time in 19 months that the Ghanaian economy will experience such a decline in inflation rate.
Prof. Samuel Kobina Annim, the Government Statistician, announced on Wednesday in Accra that the drop of 0.5 percentage points in January was due to fall in non-food inflation.
He explained that the month-on-month inflation rate between December 2022 and January 2023 was 1.7 per cent.
Local media reports quoted Professor Annim as saying that in the month of January 2023, the general price level was 53.6 per cent higher than in January 2022.
According to him, the food inflation increased to 6.1 per cent from the previous month’s food inflation of 59.7 per cent, with the month-on-month food inflation being 2.8 per cent.
He stated that the non-food inflation dropped to 47.9 per cent in January from 49.9 per cent in December 2022 and that on month-on-month non-food inflation was 0.8 per cent.
While stating that inflation for locally produced goods fell to 50.0 percent from 51.1 per cent in December last year, inflation for imported items also rose to 62.5 per cent from 61.9 per cent.
On regional inflation rate, he said that the Greater Accra region maintained its records as the region with the highest inflation rate of 66.7 per cent, while the Volta Region maintained the records of having the lowest regional inflation rate of 35.6 per cent.
GIK/APA