Accra — Ghana’s consumer inflation rose for the third month in a row in November, to 23.0% year on year from 22.1% in October, the statistics service said on Wednesday.
Government statistician Samuel Kobina Annim told a news conference that the latest increase was driven by food prices.
“Vegetables, tubers and plantains are the major drivers of the increment in food inflation,” he said.
Last week, Ghana’s central bank kept its main interest rate at 27.00%, citing high food prices among reasons why it saw an elevated inflation profile.
The West African gold and cocoa producer has been battling to emerge from its worst economic crisis in a generation.
The International Monetary Fund on Monday approved the third review of Ghana’s $3 billion lending programme, unlocking an immediate disbursement of about $360 million.
*Maxwell Akalaare Adombila & Christian Akorlie; Anait Miridzhanian; editing: Alexander Winning – Reuters
