Ghanaian inflation rise in line with expectations
Wednesday, Feb 15, 2012 Filed Under :Planet Talk Instant News
People wishing to make cheap calls to Ghana may be interested to learn the January rise in inflation to 8.7 per cent was in line with analysts’ expectations.
That is according to a report by businesslive.co.za, which showed a number of forecasters agreeing that the inflation increase from 8.58 per cent in December was to be expected.
The country now awaits a decision by the Monetary Policy Committee on whether interest rates will be influenced by the climb in inflation.
Standard Chartered spokesman Razia Khan said: “Ghanaian inflation is not far out of line with expectations. We had in fact thought that there was a chance of deceleration year-on-year.
“We do not expect the Bank of Ghana to raise interest rates today,” the news provider quoted.
Data group spokesman Nii Ampa-Sowa echoed these sentiments, explaining that the inflation increase may have been caused in part by locally refined petroleum products, as well as the “heightened volatility” of the cedi last month.
Meanwhile, Ghanaians living in the UK saw shop prices decline slightly in January as inflation fell to 3.6 per cent, compared to 4.2 per cent in December.
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