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Page last updated at Wednesday, December 14, 2011 17:17 PM //
Ghana recorded an inflation rate of 8.55% in November 2011, down from October’s 8.56%, according to figures released by the Ghana Statistical Service (GSS) December 14, 2011.
Ghana is targeting an end-year inflation rate of 9%.
With the insignificant drop, it is likely that the Bank of Ghana (BoG), which factors the inflation rate in its policy rate, will leave the lending rate unchanged at 12.5%.
The country’s policy rate will be announced December 21, 2011, according to a statement from the central bank.
By Ekow Quandzie