Ghana inflation accelerates for second month in September

Ghana’s consumer inflation quickened for the second month in a row in September, reaching 5.2% year-on-year ​from 5.0% the previous month, data ​from the statistics service showed on Wednesday.

Government ⁠statistician Alhassan Iddrisu said non-food inflation ​was a key driver of the increase

Inflation has ​almost halved over the past year, though it has started to edge up again after July’s fall, ​Iddrisu said during an online press ​briefing

“At 6.2% (non-food inflation) still outpaces food (4.0%) and makes up ‌nearly ⁠two-thirds of inflation,” Iddrisu’s presentation showed

About 86% of Ghana’s inflation comes from goods and services made in the West African country

“Inflation ​is now a ​home-grown, ⁠services story,” the presentation added

The central bank maintained its main interest rate ​for the third meeting running in ​September ⁠saying inflation was expected to move up into its 6% to 10% target band ⁠over the ​next few quarters