The Ghana Statistical Service (GSS), has announced the fall in the rate of inflation to 45%.
Inflation has been on the rise from September 2022, which caused a lot of hardship for ordinary Ghanaians who could not afford their basic necessities. In September 2022, inflation was at a rate of 37.2%. It has been on the rise since then and was at a rate of 52.8% before the end of March.
The Government statistician, Professor Samuel Kobbina Annim on the 12th of April, 2023 held a press conference to disclose the news about the fall in the rate of inflation.The fall of the rate of inflation for the first time after 6 months has birthed some hope in Ghanaians.
The drastic fall from 52.8% to 45% is significant and the Ghana Union of Traders’ Association ( GUTA) has issued a directive for its members to reduce the prices of goods and services. The directive was issued by the President of GUTA, Dr. Joseph Obeng.