Ghana's Inflation Reaches Four-Month High, Diminishing Hopes for Interest Rate Cuts

The economic climate in Ghana has taken a turn, with the nation reporting its highest inflation levels in four months, which significantly lowers the likelihood of anticipated interest rate cuts. Recent data from the Ghana Statistical Service reveals that inflation accelerated to 39.1% in October from 38.1% in September, which was partly driven by soaring food and transportation costs.

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