Ghana’s inflation rate drops dramatically to 45% in March 2023

The Ghana Statistical Service (GSS) has revealed that the March 2023 inflation rate has dropped dramatically to 45%.

Some Ghanaians rejoiced when the Government Statistician, Professor Samuel Kobina Annim, stated this on Wednesday, April 12.

“This means that in the month of March 2023 the general price level was 45.0% higher than March 2022. Month-on-month inflation between February 2023 and March 2023 was -1.2%,” he said at a press conference.

This is a drop from the 53.6% recorded in April.

This was influenced by some deflation recorded by the Food and non-alcoholic beverages group.

Data Source: Ghana Statiscal Service

Published by: MondoKay Online