That was the highest inflation rate since January of 2004. Food-price growth quickened to 26.6% from 22.4% in March.

Also, non-food inflation climbed to 21.3% from 17% in the prior month, led by higher prices of transport (33.5%), household equipment and maintenance (28.5%); and housing and utilities (25%). On a monthly basis, consumer prices rose by 5.1%.

In Ghana, the most important components in the Consumer Price Index (CPI) are Food and Non Alcoholic Beverages (43.6 percent of total weight); Housing, Water, Electricity, Gas and Other Utilities (9.5 percent) and Clothing and Footwear (8.9 percent).

Transport account for 7.2 percent of total index, Miscellaneous Goods and Services for 7 percent, Hotels, Cafés and Restaurants for 6 percent and Furnishing and Household Equipment for 4.6 percent.

Education represents 3.8 percent of total weight, Recreation and Culture another 2.7 percent and Communication 2.6 percent. Health accounts for the remaining 2.4 percent and Alcoholic Beverages, Tobacco and Narcotics 1.6 percent.

Credit: tradingeconomics