What is BoG’s Priority: Controlling Inflation or Driving Economic Activity?

Ghana’s inflation moved up by 90bps to a 14-month high of 10.6% in September 2021 from 9.8% in the previous month on the back of higher food and petroleum prices during the period under consideration. Ghana’s food inflation heightened from 10.9% in the August to 11.5% in September as food prices increase during the harvest season. Further, non-food inflation rose by 120bps to 9.9% in September because of higher crude...