Ghana consumer inflation slows to 22.8% year-on-year in June

ACCRA (Reuters) -Ghana’s consumer inflation slowed for a third consecutive month to 22.8% year-on-year in June from 23.1% in May, the statistics service said on Wednesday.

Government statistician Samuel Kobina Annim told a news conference that the June inflation was largely driven by a decline in non-food inflation which dropped to 21.6%, enough to mute an increase in food inflation.

The cocoa-, gold- and oil-producing West African country is battling to emerge from an economic crisis.

It cleared a key hurdle to restructure its international bonds last week, as its official creditors confirmed the proposed debt rework was not overly favourable to bondholders.

(Reporting by Christian Akorlie and Maxwell Akalaare AdombilaEditing by Bate Felix)


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