{"id":132757,"date":"2023-12-19T10:58:14","date_gmt":"2023-12-19T10:58:14","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/19\/weve-halved-inflation-under-a-year-lets-get-a-single-digit-ofori-atta-urges-bog\/"},"modified":"2023-12-19T10:58:14","modified_gmt":"2023-12-19T10:58:14","slug":"weve-halved-inflation-under-a-year-lets-get-a-single-digit-ofori-atta-urges-bog","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/19\/weve-halved-inflation-under-a-year-lets-get-a-single-digit-ofori-atta-urges-bog\/","title":{"rendered":"We\u2019ve halved inflation under a year; let\u2019s get a single-digit \u2013 Ofori-Atta urges BoG \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Finance Minister\u00a0Ken Ofori-Atta\u00a0has celebrated the collaboration between the Treasury and the\u00a0Bank of Ghana\u00a0which has led to the halving of inflation from a peak of 54.1% to 26.4%.<\/p>\n<p>At the\u00a0Bank of Ghana\u2019s End-of-Year Cocktail, Mr. Ofori-Atta said: \u201cTogether, we have strived to reset our financial architecture\u201d.<\/p>\n<p>\u201cAnd despite the challenges over the last three years, I am proud that we have \u2018turned the corner\u2019 toward a more robust and transformed economy\u201d, he added.<\/p>\n<p>Mr Ofori-Atta said: \u201cIndeed, amidst these trials, our united front in managing the\u00a0Bank of Ghana\u2019s balance sheet has been nothing short of heroic.\u201d<\/p>\n<p>\u201cMore importantly, the Ghana Statistical Services (GSS) reported that inflation has slowed down to 26.4% in November 2023 from 35.2% in October 2023\u201d, he pointed out, adding: \u201cIn effect, the Bank and the Treasury\u2019s collaborative efforts have halved inflation (from 54.1% in December 2022) in under 12 months\u201d.<\/p>\n<p>Mr Ofori-Atta said while it is welcome news that prices are no longer rising as quickly, \u201cWe know many people continue to face severe cost of living pressures. So, we must stay the course to continue to get inflation back down to single digits as quickly as possible\u201d.<\/p>\n<p>He noted: \u201cWe must never forget that our work is vital not just for the present but also for the future of Ghana. And, so, though our journey is far from over, and the road ahead will require continued perseverance and unity, I am confident that we will not only prevail but also propel Ghana towards a more prosperous future\u201d.<\/p>\n<p>Mr Ofori-Atta said 2024 should be a period in which \u201cwe must continue to push boundaries, work with equanimity, and dispel any cloud of nihilism to guarantee economic freedom and social mobility for all\u201d.<\/p>\n<p><strong>Source:\u00a0<\/strong>classfmonline.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister\u00a0Ken Ofori-Atta\u00a0has celebrated the collaboration between the Treasury and the\u00a0Bank of Ghana\u00a0which has led to the halving of inflation from a peak of 54.1% to 26.4%. At the\u00a0Bank of Ghana\u2019s End-of-Year Cocktail, Mr. Ofori-Atta said: \u201cTogether, we have strived to reset our financial architecture\u201d. \u201cAnd despite the challenges over the last three years, I [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":107950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-132757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>We\u2019ve halved inflation under a year; let\u2019s get a single-digit \u2013 Ofori-Atta urges BoG \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/19\/weve-halved-inflation-under-a-year-lets-get-a-single-digit-ofori-atta-urges-bog\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019ve halved inflation under a year; let\u2019s get a single-digit \u2013 Ofori-Atta urges BoG \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Finance Minister\u00a0Ken Ofori-Atta\u00a0has celebrated the collaboration between the Treasury and the\u00a0Bank of Ghana\u00a0which has led to the halving of inflation from a peak of 54.1% to 26.4%. At the\u00a0Bank of Ghana\u2019s End-of-Year Cocktail, Mr. Ofori-Atta said: \u201cTogether, we have strived to reset our financial architecture\u201d. \u201cAnd despite the challenges over the last three years, I [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/12\/19\/weve-halved-inflation-under-a-year-lets-get-a-single-digit-ofori-atta-urges-bog\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-19T10:58:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/image-416.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"257\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/19\/weve-halved-inflation-under-a-year-lets-get-a-single-digit-ofori-atta-urges-bog\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/12\/19\/weve-halved-inflation-under-a-year-lets-get-a-single-digit-ofori-atta-urges-bog\/\",\"name\":\"We\u2019ve halved inflation under a year; 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