Ghana Inflation Boosts Rate-Cut Hopes as War Clouds Outlook

Ghana’s inflation rate fell to a near three-decade low in February, bolstering expectations for a fifth straight rate cut even as conflict in the Middle East threatens to rekindle global price pressures and cloud the outlook.

Consumer prices rose 3.3% in February, compared with 3.8% in the previous month, Government Statistician Alhassan Iddrisu told reporters on Wednesday. That’s the lowest since August 1999, when the rate increased 1.4%, according to data compiled by Bloomberg.