Ghana’s consumer inflation reached nearly 34% in August, the highest since 2001, despite a historic rate increase by the central bank.
Consumer inflation in the West African country climbed to 33.9% annually in August from 31.7% in July, according to new figures released by the statistical service Wednesday.
Addressing the media in Accra Wednesday, the head of the service, Samuel Kobina Annim, said the inflation rate was mainly driven by high fuel prices that are affecting transport fares and utility costs.
The surge in prices, high cost of living and the steep fall of the Ghanaian cedi sparked street protests in the capital in June.
Source: Myrbtynewsroom.com/Kwabena Nyarko Abronoma
