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Ghana inflation hits 19.4%, highest in 10 years

March figures show that Ghana’s inflation rate hit its highest level in more than a decade. This is coming after the country’s central bank raised the interest rate in anticipation of inflation.

Annual inflation surged to 19.4%  in March, up from 15.7% in February, Government Statistician Samuel Kobina Annim told Bloomberg.

According to information gathered from the Ghana Central Bank website, the central bank’s inflation target was 8%, but current data shows that the target has been exceeded by 11.4%.

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