Ghana’s annual consumer price inflation now stands at 16.9 percent.

The figure, which is for May, is an increase from the previous 16.8 percent, and is largely due to a combination of a frustrated currency and utility price hikes.

The Ghana Statistical Service at a press conference this week said the figure reflects fiscal problems facing the country.

“The key drivers were mainly price changes in imported household consumables as a result of the continued decline of the cedi,” statistician Philomena Nyarko said.

By: Kasapafmonline.com/Ghana