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Ghana’s Surprise Uptick in Inflation May See Rate Hikes Return
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2023-06-14 18:21
Ghana’s inflation rate unexpectedly rose in May, adding pressure on the central bank to resume rate hikes next

Ghana’s inflation rate unexpectedly rose in May, adding pressure on the central bank to resume rate hikes next month.

Annual price growth quickened to 42.2% from 41.2% in April, Government Statistician Samuel Kobina Annim told reporters Wednesday in Kumasi, the nation’s second-biggest commercial city. None of the eight economists in a Bloomberg survey expected an acceleration.

--With assistance from Simbarashe Gumbo.

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