37.2% Inflation Is Unsatisfactory But Better Than NDC’s 122% Inflation: Razak Kojo Opoku Writes

The Ghana Statistical Service (GSS) has revealed that, the inflation has shot up by 3.3% leading to 37.2% for the month of September 2022. This is quite unsatisfactory because low, stable and predictable inflation is good for the economy, living conditions and finances of the citizens. Low inflation helps businesses to grow as the owners/management are able to plan what their costs of operations may be on monthly or yearly basis. However, it is important to point out that, the 37.2% Inflation for the month of September 2022 is NOT the worse Inflation rate ever. The worst Inflation rate ever…