The country for the past two to three years have been experience increasing inflation trend. This has caused the monetary policy rate to be pegged at a high rate which most economists have chastised as the cause of the declining investor confidence in the Ghanaian economy.
Latest figures released by the Ghana Statistical Service show that inflation shot up from 16.7 per cent to 16.9 per cent in August 2016, the phenomenon being blamed on cost of importation and other services.
-Adnan Adams Mohammed
