In March the central bank surprised analysts by raising its
main interest rate to 29.5%, a sign the monetary policy
committee did not yet see the economic situation stabilising
despite slowing inflation.
Month-on-month inflation between March and April 2023 was
2.4%, government statistician Samuel Kobina Annim told
reporters.
(Reporting by Christian Akorlie; Writing by Hereward Holland;
Editing by Alexander Winning)
(Adds detail in paragraphs 2-5)
ACCRA, May 10 (Reuters) - Ghana's consumer inflation
slowed to 41.2% annually in April from 45.0% in March, the
statistics service said on Wednesday.
It was the fourth consecutive month that inflation has
slowed, since reaching a more than two-decade high of 54.1% in
December.
The cocoa, gold and oil-producing nation is facing its worst
economic crisis in a generation and is in the process of
restructuring its debt in order to secure a $3 billion loan from
the International Monetary Fund.
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