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Inflation rises to 5.5%, highest in 11 months

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Ghana’s annual inflation rate rose to 5.5% in October, its highest level in 11 months.

Analysts say the increase could strengthen the case for the Bank of Ghana to keep its policy rate unchanged at its next meeting on 18 November. Inflation remains below the central bank’s 6%-10% target band.

Compiled by Sweet Melodies FM from reporting by Nairametrics. Read the original report.

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