- Inflation reaches highest level since mid-2024, rising to 23.8% in December.
- Central bank’s revised target of 18% missed amid persistent economic pressures.
Accra, Ghana – Ghana’s inflation surged to 23.8% in December 2024, up from 23% in November, marking its highest level since mid-2024, according to the Ghana Statistical Service (GSS). The steep rise deviates sharply from the central bank’s and Ministry of Finance’s earlier projection of 15% ±2, highlighting mounting inflationary pressures.
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