Ernest Addison, Bank of Ghana Governor.
The Bank of Ghana has expressed concerns about the uncertainty regarding the inflation path for the rest of the year, given recent exchange rate pressures, upward adjustment in utility tariffs and increases in ex-pump fuel prices.
According to its July 2024 Monetary Policy Report, the above developments have resulted in a slightly elevated inflation profile for the year.
However, inflation is expected to remain within the target band of 17+/-2% for the year.
This is because the risks are tilted slightly on the upside.
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