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IEA forecasts Ghana’s 2025 inflation at 15-17%, urges policy action

Investmenttimes
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The Institute of Economic Affairs (IEA) is predicting an inflation of 15-17% in 2025.This would be higher the International Monetary Fund forecast of 8% and the Bank of Ghana’s target of 8 +/- 2%. In its bi-monthly economic outlook, it said inflation should be reduced even further through stronger intervention measures. The year 2024 ended with inflation of 23.8%, slightly higher than the rate of 23.0% recorded in November. The end-year inflation was also higher than the 18.0% projected under the IMF-supported programme. Throughout the year, inflation remained stuck in the low twenties, far above the Bank of Ghana’s target...
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