Ghana's inflation slows for fourth month in July
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Mr Isaac Siaw, 42, a shop owner, attends customers at Makola market, one of the country's largest trading centres in Accra, Ghana March 26, 2022. REUTERS/Francis Kokoroko/ File Photo
ACCRA (Reuters) - Ghana's consumer inflation slowed for a fourth consecutive month in July, to 20.9% year on year from 22.8% in June, the statistics service said on Wednesday.
Government statistician Samuel Kobina Annim told a news conference that the latest decline was the result of a fall in both food and non-food inflation.
The cocoa-, gold- and oil-producing West African country is battling to emerge from an economic crisis.
It cleared a key hurdle to restructure its international bonds in July, as its official creditors confirmed the proposed debt rework was not overly favourable to bondholders.
(Reporting by Maxwell Akalaare Adombila and Christian Akorlie; Writing by Anait Miridzhanian; Editing by Alexander Winning)
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