Ghana Sees Inflation Hit An Eight-Month High: Economic Implications
Ghana’s annual inflation rate surged to 23.8% in December, marking its highest level in eight months. This increase signifies a rise from the previous month’s 23%.
The inflationary spike could have substantial implications for the country’s monetary policy, reducing the possibility of an interest rate cut later this month. With inflation climbing, market watchers should remain vigilant about subsequent policy decisions.
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