{"id":285523,"date":"2017-01-17T09:29:28","date_gmt":"2017-01-17T09:29:28","guid":{"rendered":"http:\/\/citifmonline.com\/?p=285523"},"modified":"2017-01-17T09:29:28","modified_gmt":"2017-01-17T09:29:28","slug":"economist-predicts-single-digit-inflation-in-the-medium-term","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/01\/economist-predicts-single-digit-inflation-in-the-medium-term\/","title":{"rendered":"Economist predicts single digit inflation in the medium term"},"content":{"rendered":"
Economist Professor Godfred Bokpin has predicted of a drop in inflation to single digits in the short to medium term.<\/p>\n
[contextly_sidebar id=”LwM2ErbazkRG7nXEbx7CZcWHS8BLXWJg”]It follows what he describes as weak volatilities with the main price drivers of inflation such as utility prices and transport fares.<\/p>\n
\u201cAs a result the major drivers do not exhibit higher volatility going forward and for which reason I think the threat of inflation are not significant,\u201d he said.<\/p>\n
\u201cIf you look at the projections, it looks quite likely that we will be entering the zone of single digit inflation anytime from now and for that reason we need to orient the policy framework towards that as well,\u201d Professor Bokpin added.<\/p>\n
Ghana\u2019s inflation currently stands at 15.4 percent.<\/p>\n
The figure dropped three consecutive times from 17.2 percent in September 2016.<\/p>\n
The country started 2016 with an inflation of 19 percent; increasing to 19.2 percent in March and further increasing to 18.9 percent in May and subsequently 17.2 percent in September (though there were some marginal reductions in between those periods).<\/p>\n