Inflation to reach 15% by end of 2024 – Finance Minister predicts

Finance Minister Dr. Mohammed Amin Adam forecasts Ghana’s inflation rate will drop to 15% by the end of 2024.

At a town hall in Accra, he highlighted the Akufo-Addo-Bawumia administration’s success in managing inflation, noting significant reductions since 2017.

He compared this to higher rates under the previous administration, with inflation peaking at 54% in 2022 due to the Russia-Ukraine war.

Currently, inflation is at 22%.

Dr. Amin aims for single-digit inflation next year, contingent on the NPP's continued governance.