Ghana Inflation Slows More Than Expected, Aids Rate-Cut Case

Ghana’s inflation rate fell more than expected in July, bolstering the case for further interest-rate cuts.

Annual inflation slowed to 12.1% in July, compared with 13.7% in the previous month, Government Statistician Alhassan Iddrisu told reporters in the capital, Accra, on Wednesday. The median estimate of five economists in a Bloomberg survey was 12.4%. Prices rose 0.7% in the month, he said.