Ghana has recorded its lowest inflation rate in more than three years, as the country’s remarkably strong currency continues to reduce the cost of goods brought in from abroad.
The West African nation’s inflation rate fell to 18.4% in May, down from 21.2% the previous month, marking the fifth consecutive month of declining price rises. Government Statistician Alhassan Iddrisu announced the figures to reporters in the capital, Accra, on Wednesday, noting that prices rose by just 0.7% during May itself.
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