{"id":232672,"date":"2025-07-02T18:35:11","date_gmt":"2025-07-02T18:35:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/232672\/"},"modified":"2025-07-02T18:35:11","modified_gmt":"2025-07-02T18:35:11","slug":"mahamas-winning-streak-ghanas-inflation-hits-lowest-levels-in-4-years","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/232672\/","title":{"rendered":"Mahama\u2019s winning streak? Ghana\u2019s inflation hits lowest levels in 4 years"},"content":{"rendered":"

\n According to the latest Ghana Statistical<\/strong><\/a> Service figures, annual inflation fell drastically to 13.7% in June, down from 18.4% in May.\n <\/p>\n

\n This is the sixth consecutive monthly fall, and the lowest reading since late 2020.\n <\/p>\n

\n In Accra, the cedi remained steady at 10.35 to the dollar at 10:19 a.m.\n <\/p>\n

\n The recent rise in the price of gold has benefited Africa’s biggest producer of bullion and boosted the cedi’s 42% increase, which puts it among the top-performing currencies in the world according to Bloomberg<\/a>.\n <\/p>\n

\n Food inflation dropped from 22.8% in May to 16.3%, according to Alhassan Iddrisu, the Government Statistician who disclosed the inflation figures.\n <\/p>\n

\n Iddrisu also reported that the growth in non-food prices slowed to 11.4% from 14.4% the previous month.\n <\/p>\n

\n The monetary policy committee of the central bank will make its next interest-rate announcement on July 23.\n <\/p>\n

\n Given the more benign inflation reading, it might be able to reduce borrowing costs.\n <\/p>\n

\n A similar trend last month indicated that consumer inflation fell to 18.4% in May<\/strong><\/a> from 21.2% in April, highlighting a steady disinflationary pattern since the beginning of the year.\n <\/p>\n

\n Iddrisu had also voiced confidence that inflation would continue to fall, given the current macroeconomic conditions.\n <\/p>\n

Political backdrop and policy implications of the John Mahama administration<\/p>\n

\"John <\/p>\n

\n President John Mahama, who came to power earlier this year, has led the country to positive inflation rates.\n <\/p>\n

\n Since assuming office, Mahama’s administration has prioritized budgetary restraint, currency stability, and export growth as important drivers of economic development.\n <\/p>\n

\n Ghana’s capacity to maintain this development will be dependent on a number of factors, including continuing currency stability, good fiscal management, and favorable commodity prices.\n <\/p>\n

\n For the time being, the trend appears to be positive.\n <\/p>\n

\n Ghana, as one of the few African economies displaying significant indicators of macroeconomic stability in 2025, is providing a positive signal to both domestic and foreign investors.\n <\/p>\n

\n With inflation falling and the cedi strengthening, the country appears to be turning a corner in its post-COVID economic recovery.\n <\/p>\n","protected":false},"excerpt":{"rendered":"According to the latest Ghana Statistical Service figures, annual inflation fell drastically to 13.7% in June, down from…\n","protected":false},"author":2,"featured_media":232673,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-232672","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114785086798577350","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/232672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=232672"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/232672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/232673"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=232672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=232672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=232672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}