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Ghana Beats 2019 Inflation Target

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Ghana beat the government’s 2019 inflation target as food-price growth eased.

Inflation according to the Ghana Statistical Service (GSS) has ended at 7.9% in December 2019, beating the country’s annual target of 8%.

Government Statistician Samuel Kobina Annim stated on Wednesday that annual inflation decreased to 7.9% in December from 8.2% throughout November. In the month, prices rose by 0.3%

According to the GSS, the fall was due to a decrease in Vegetables and Fish price levels. 

Food inflation recorded an inflation rate of 7.2%  in December 2019, which was 1.2% lower than November. Nevertheless, non-food inflation was 8.5%, up from 8.0% in November 2019.

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