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Ghana inflation rate falls for the fourth consecutive month

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The latest figures from the Ghana Statistical Service show that year-on-year inflation fell for the fourth consecutive month to 41.2% in April 2023, from 45% in March 2023.

This is part of a continued disinflation process since January 2023, as both food inflation and non-food inflation decreased last month.

Financial analysts and economists have welcomed this development as a positive step.

However, the Bank of Ghana is calling on banks to reduce charges to correspond with the decline in inflation.

Atiewin Mbillah-Lawson in Accra reports.

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Ghana inflation rate falls for the fourth consecutive month

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