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The Ghana Statistical Service (GSS) has announced that the inflation rate for March 2023 has fallen sharply to 45%.
The Government Statistician Professor Samuel Kobina Annim announced this on Wednesday, April 12.
“This means that in the month of March 2023 the general price level was 45.0% higher than March 2022. Month-on-month inflation between February 2023 and March 2023 was -1.2%,” he said at a press conference.
This is a drop from the 53.6% recorded in April.
This was influenced by some deflation recorded by the Food and non-alcoholic beverages group.