Ghana recently experienced a noticeable spike in its inflation rate, hitting a four-month peak of 43.1% in July. The surge in inflation is being primarily linked to the surging costs of food within the country, sparking worries and highlighting the intricate economic challenges Ghana is grappling with due to its increasing debts.
A fresh report from Bloomberg has brought to the forefront the significant role played by rising food prices in driving this surge in inflation. Government representatives have pointed out a substantial uptick in food inflation, leaping from 54.2% in June to a concerning 55% in July. This upward trend in food prices is not only pinching household budgets but is also amplifying the wider economic hurdles that Ghana is currently contending with.
Continue Reading:
A fresh report from Bloomberg has brought to the forefront the significant role played by rising food prices in driving this surge in inflation. Government representatives have pointed out a substantial uptick in food inflation, leaping from 54.2% in June to a concerning 55% in July. This upward trend in food prices is not only pinching household budgets but is also amplifying the wider economic hurdles that Ghana is currently contending with.
Continue Reading:
Surging Food Prices Propel Ghana's Inflation to 43%
Ghana recently experienced a noticeable spike in its inflation rate, hitting a four-month peak of 43.1% in July. The surge in inflation is being primarily linked to the surging costs of food within th...
www.investingport.com