Ghana experienced a surge in its annual inflation rate to 22.1% in October, which is the highest it has been in four months.

This is an increase from the September rate of 21.5%, as reported by Government Statistician Samuel Kobina Annim.

The rise in consumer prices makes it less likely that the central bank will cut interest rates in the near future.

The increase in inflation is a reflection of ongoing economic pressures, which could impact monetary policy decisions.

The government will carefully assess the implications for economic stability and growth, while analysts closely monitor the situation.