Ghana Statistical Service credits fuel relief, stable cedi for easing inflation pressures 

He, however, said the targeted government intervention had effectively shielded households and businesses from international crude oil shocks that would otherwise have triggered aggressive increases in commercial transport fares.

The Ghana government’s temporary petroleum relief measures and a stable exchange rate have helped contain inflationary pressures amid global market volatility.“The first time we saw increases in crude oil prices because of the Middle East war, we saw prices jump from around $80 per barrel to over $100 and that was very biting,” the Government Statistician said.