From 16 per cent in December last year, the rate of inflation has declined to 9.4 percent at the end of October this year. All indications are that inflation will remain in single digits by the end of the year. The cedi has remained broadly stable throughout 2010  BIS Review 164/2010  1  appreciating by 0.1 percent against the US dollar.
Ghana’s external position, that is, the trade and current account balance has improved with strong export receipts and private capital inflows helping to boost international reserves to over $ billion at the end of October 2010. The challenge therefore is how to sustain these positive developments and create an environment that fosters faster growth. 9.