The Ghana Statistical Service (GSS) has reported that the inflation rate fell to 38.1% in September 2023, down from 40.1% in August.
This decrease in inflation was primarily attributed to a drop in the prices of both food and non-food items.
Prof. Samuel Kobina Annim, the Government Statistician, described the decline in inflation as a positive development.
According to him, this reduction is good news for consumers and businesses in Ghana, as it indicates that the prices of goods and services are increasing at a slower rate.
Lower inflation is generally seen as a positive economic indicator, as it can improve the purchasing power of consumers and make it more affordable for businesses to invest and expand.
This development may contribute to greater economic stability and prosperity in Ghana.
The decline in inflation is likely to be welcomed by many as it may help alleviate the financial burden on individuals and stimulate economic growth.
