deflation

President Nana Addo Dankwa Akufo-Addo is predicting a reduction in the country’s inflation rate by the close of this year, 2023. Inflation is the rate of increase in prices over a given period of time. Ghana’s current inflation rate stands at 38.1 percent as of September 2023. According to the president, measures are being put in place by the government to revive the economy and tame inflation. President Akufo-Addo was speaking at a meeting with the Christian Council of Ghana at the Jubilee House when he made the remarks. “The signs are becoming clearer and clearer, the very high rate…