August 23, 2017 / 11:30 AM / in a month

Ghana producer price inflation falls to 2.0 pct in July

Men pour out cocoa beans to dry in Niable, at the border between Ivory Coast and Ghana, June 19, 2014. REUTERS/Thierry Gouegnon

ACCRA (Reuters) - Ghana’s producer price inflation fell to 2.0 percent year-on-year in July from a revised 3.2 percent the month before, the statistics office said on Wednesday.

The major commodity exporter is seeking to cut spending and restructure debt and is on target to narrow consumer inflation to 8 percent, plus or minus 2 percent, by the end of 2017 as part of a three-year aid deal with the International Monetary Fund.

Reporting by Kwasi Kpodo; Editing by Nellie Peyton and John Stonestreet

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