Ghana's Inflation falls to 26.4% in November 2023

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According to figures from the Ghana Statistical Service (GSS), food inflation was the primary supporter of the decline in the rate of inflation.

Food inflation plunged by 12.6% to 32.2% in November 2023. The month-on-month rate of food inflation was 0.8%.

For non-food inflation, it also eased to 21.7%, as approximated at 27.7% in October 2023. The month-on-month rate of non-food inflation was placed at 2.2%.


Whilst inflation for locally produced items was 26.1%, that of imported items stood at 27.1%.



Five Divisions Recorded Inflation Rates Elevated than the National Average.


Five divisions recorded inflation rates elevated than the nationwide average; They are Alcoholic Beverages, Tobacco, and Narcotics (39.0%); Personal Care, Social Protection, and Miscellaneous Goods and Services (35.4%); Food and Non-Alcoholic Beverages (32.2%); Furnishings, Household Equipment and Routine Household Maintenance (32.2%) and Restaurants and Accommodation Services (27.1%).



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Ghana Statistical Service(GSS)

Inflation in Ghana

King Swart Online / (KSM NEWS)


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