Ghana’s inflation figure jumped to a 40.4 percent high in October compared to 37.2 percent last month.
This was revealed in a statement by Ghana Government Statistician, Mr Samuel Annim, on Wednesday.
By implication, the figure will impact the pressure on the country’s central bank to continue increasing borrowing costs, already at a five-year high.
The figure exceeded the median expectation of 39.5%. Nigeria’s inflation figure will be released next week.
Ghana’s Inflation Hits 40.4% In October 2022 – Business – Nigeria (nairaland.com)