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Business News of Wednesday, 6 November 2024

    

Source: www.ghanaweb.live

Ghana’s inflation reaches four-month high, impacting rate cut outlook

Ghana’s inflation reaches four-month high, impacting rate cut outlook Ghana’s inflation reaches four-month high, impacting rate cut outlook

Ghana’s inflation rate rose sharply in October, reaching 22.1%, which represents the highest level since June and poses a challenge to the Bank of Ghana’s recent interest-rate reduction strategy.

This increase from September’s rate of 21.5% was confirmed by Government Statistician Samuel Kobina Annim in a statement delivered in Accra.

Analysts speculate that the central bank, which recently cut the key

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