World-Beating Cedi Slows Ghana Inflation to Three-Year Low

Ghana’s inflation rate dropped to the lowest level in more than three years, as the country’s world-beating currency helped reduce the cost of imports.

Inflation slowed for a fifth straight month to 18.4% in May, compared with 21.2% in the previous month, Government Statistician Alhassan Iddrisu told reporters in the capital, Accra, on Wednesday. Prices rose 0.7% in the month, he said.