According to figures released by Ghana’s Statistics office, inflation rate fell for a second month in a row to 10.4% in September which is 0.1 percentage points lower compare to last month’s 10.5% rate.
Food prices rose 11.2% in September from a year earlier, compared with 11.4% in August, and costs declined by 0.5% on a monthly basis.
West Africa’s second largest economy’s central bank kept its key interest rate at 14.5% for a third straight meeting last month, saying the economy is starting to recover and inflation is expected to be back inside the target band of 6% to 10% by the second quarter of next year.
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