Ghana’s Inflation Rate Rises to 29.8% in June 2022

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

Samuel Kobina Annim, the Government Statistician, said at the monthly press briefing that Ghana’s 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.

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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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