Ghanaians Economy Suffers As Inflation Increases
May 12, 2022 ·
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Ghana’s consumer price inflation rate has hit 23.6%, a sharp rise from 19.4% in March. Government Statistician Kobina Annim says that imported goods surpassed locally produced items for the first...
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Ghana’s consumer price inflation rate has hit 23.6%, a sharp rise from 19.4% in March.
Government Statistician Kobina Annim says that imported goods surpassed locally produced items for the first time in over two years.
The rise in the cost of food and services has been condemned by Ghanaians who said the cost of living here was fast becoming unbearable.
Experts have warned that the surge in international food prices is expected to hit African economies the hardest and could trigger social unrest in some countries.
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Government Statistician Kobina Annim says that imported goods surpassed locally produced items for the first time in over two years.
The rise in the cost of food and services has been condemned by Ghanaians who said the cost of living here was fast becoming unbearable.
Experts have warned that the surge in international food prices is expected to hit African economies the hardest and could trigger social unrest in some countries.
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