Investment Times

Economist Dr. John Kwakye has urged the Bank of Ghana (BoG) to collaborate with the government to cut food inflation by half. According to Dr. Kwakye, achieving this would result in a 50% reduction in headline inflation. The Government Statistician, Professor Samuel Annim, recently announced that April's inflation rate had decreased to 25%. Speaking at a press conference in Accra on May 8, Prof. Annim attributed this drop largely to a decline in food inflation, which recorded a rate of 26.8%—the lowest in 13 months—while non-food inflation stood at 23.5%. "In April 2024, the consumer price index was 213.3, compared...