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Sad as Ghana recorded almost 30 percent inflation in June >read full





inflation rate rose to 29.8 percent

Professor Samuel Kobina Annim

Professor Samuel Kobina Annim

Data released by the Ghana Statistical Service (GSS) on Wednesday indicated that inflation rate rose to 29.8 percent in June as compared to 27.6 percent a month earlier.

Samuel Kobina Annim, the Government Statistician, said at the monthly press briefing that the inflation rate for June was the highest reading since December 2003 and far above the target band of between 6 percent and 10 percent set by the Bank of Ghana.

“At least 97 out of the 307 items recorded inflation rates higher than the national average with more than half being non-food items or locally produced items,” Annim added.

A youth group named “Arise Ghana” staged a two-day street protest on June 28 and 29 against the hardships and high cost of living in the West African country.

Teachers in public schools also commenced a nationwide indefinite strike on July 4, after negotiations with the government for Cost of Living Allowances broke down.

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  1. Pingback: Government agrees on 15% COLA with organised labour effective July 1 - AfricWeb.Net

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