Ghana’s inflation is expected to end 2024 at 23.2%, the World Bank has disclosed in its October 2024 Africa Pulse Report.
The year-on-year inflation is however expected to take a nose dive to 11.5% in 2025.
This would help drive down interest rates and cost of borrowing.
According to the report, inflation in Sub-Saharan Africa is projected to decline from 7.1% in 2023 to 4.8% in 2024 and 4.6% n 2025–26.
“Stabilisation of commodity prices this year after the decline from their highs in 2022, the alleviation of supply chain disruptions, the effects of tightened monetary and fiscal policies, as well as stabilizing currencies explain the decline of inflation in the region”, it mentioned.
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