Ghana consumer price inflation stable at 11.8 pct in Dec

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ACCRA (Reuters) – Ghana consumer price inflation was roughly flat at 11.8 percent in December, compared with 11.7 percent in November, the statistics office said on Wednesday.
The oil, gold and cocoa exporter is following a $918 million credit programme with the International Monetary Fund that aims to restore fiscal balance and narrow inflation to s8 percent plus or minus 2 percentage points in 2018.

The government had projected end-of-year inflation of 11.2 percent for 2017.

Non-food inflation remained flat at 13.6 percent in December while food inflation edged up to 8.0 percent from 7.9 percent in the previous month.

Reporting by Kwasi Kpodo; Writing by Joe Bavier; Editing by Jon Boyle

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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