Ghana’s inflation projected to stay below 10% for next three to four years – Theo Acheampong

Economist Dr Theo Acheampong has stated that Ghana's inflation is expected to remain below 10% over the next three to four years. He made these remarks on Joy News' PM Express, citing the government's medium-term fiscal projections. Acheampong explained that these predictions suggest sustained single-digit inflation during this period.

This projection was in response to a query about the government's ability to guarantee price stability in 2027 and 2028. Rather than providing an absolute guarantee, Acheampong focused on the budget framework and its economic expectations. He mentioned that the government will present the 2027 Budget the following week, which will include the medium-term fiscal framework outlining expectations for growth, inflation, the economy's size, and fiscal balances.

Regarding workers, Acheampong suggested that a sustained single-digit inflation environment would benefit them, especially if their wage increases are around 9 or 10 percent. He emphasized that the projected rate of price increases would determine the level of benefit workers receive from subsequent pay adjustments.