Private consumption in Ghana expands.

Position:Brief article

Ghana's central bank is confident that inflation is manageable at present and has decided to leave its key interest rate (prime rate) at 14.5 percent. This action was taken in spite of the volatility of oil prices. Inflation was measured at 9.5 percent in April 2006. This represents a decline when compared with April 2005, according to the Ghanian Chronicle (Accra), May 23, 2006.

The Chronicle also reported that Ghana's Composite Index of Economic Activity "inched up" 4.8 percent during the first quarter 2006. In the last quarter of 2005, the index stood at 4.5 percent.


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