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Ghana central bank warns new taxes may reignite inflation

Accra, Ghana Photo by Naveen Venkatesan © Unsplash
Photo by Naveen Venkatesan © Unsplash
  • Bank of Ghana says fiscal measures in mid-year budget may reverse recent disinflation progress
  • Inflation drops to 13.7% as cedi surges; interest rate decision expected this week

 

ACCRA, GHANA – Ghana’s central bank has cautioned that new tax measures announced in the government’s mid-year budget review could reignite inflation, potentially threatening recent macroeconomic gains including a strong cedi and falling price levels.

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