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Ghana Inflation Rises to 5.2% in September as Service Costs Weigh on Prices

Ghana’s annual inflation rate climbed to 5.2% in September, marking a second consecutive monthly increase, up from 5% in August. The uptick, driven primarily by services and domestically produced goods, suggests that the previous disinflationary trend has lost momentum. This development reinforces expectations that the Bank of Ghana will maintain its policy rate at 14% to curb persistent price pressures. In contrast, Nigeria’s inflation rate saw a slight decline to 15.39% in August, highlighting divergent economic trends within the region.

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