Ghana inflation dips
Ghana’s inflation
eased for the 15th month in a row in September, data showed on
Wednesday, but analysts put much of the latest fall down to seasonal
effects and were cautious on prospects of fresh interest rate cuts.
Annual inflation
fell to 9.38 percent from 9.44 per cent in August, extending a run that
has seen consumer price growth more than halve from its June 2009 level
and confounding market expectations of a slight rise.
But, weeks before
the scheduled start of oil from Ghana’s Jubilee offshore oilfield and
with concerns growing over the West African country’s public finances,
future price pressures were hard to call.
“It is difficult to
forecast inflation for the next month — all depends on how the
government handles the pressures,” government statistician Grace
Bediako said of moves to implement a new public sector wage structure
seen as raising spending.
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