Inflation rose to 19.2 percent in March from 18.5 percent in February, pushed up by road transport fare increases, government statistician announced Wednesday.
Fuel prices went up by over 20 per cent since January this year.
“Fares are linked to almost all market activities and locally produced goods and any change in those fares tends to have a direct impact on consumer prices,” government statistician Philomena Nyarko told a press conference in Accra.
Year-on-year food inflation remained unchanged at 8.3 percent compared to last month while non-inflation rose marginally to 25.7 percent from 24.5 percent the month before.
Ghana is pursuing a three-year aid programme with the International Monetary Fund in an attempt to solve the fiscal problems inundated by high inflation.
Dr. Abdul Issahaku Nashiru, the new central bank governor announced this week he’ll fight to keep inflation in check.
