19
Jan
International research institution and market information firm, Fitch Solutions, has reiterated a disinflationary process for Ghana in 2023, forecasting an average inflation of 33.4%. According to its latest assessment of the Ghanaian economy, inflation will only decline gradually in 2023 as tax hikes – including an increase in the Value-Added Tax to 15.0% – will exert upward pressure on consumer prices. The projection means inflation will still remain high this, but lower than last 2022’s average. “A decline in real incomes will weaken consumer activity in 2023. We anticipate a disinflationary trend in 2023 – with price growth averaging 33.4%. Fitch…