The ongoing gains being witnessed in some key macroeconomic variables trickled down to impact the consumer price index as the headline inflation rate for May saw its sharpest decline since
The year-on-year inflation rate eased for the second time in succession to support moves by the government to drive down the general level of interest rates in the Ghanaian economy.
The year-on-year inflation rate remained unchanged at 7.8% in February in line with expectations as reduced petroleum prices at the pump coupled with a Cedi appreciation eased tension on consumer