Ghana’s high inflation worsens living conditions
By DW
21 July 2022 |
1:29 pm
Ghana's inflation has hit nearly 30% — the highest in the last two decades — as citizens lament the skyrocketing cost of living. Could the International Monetary Fund provide a solution for the West African nation?
In this article
Related
1 Jun 2022
Inflation in the eurozone has hit another record high, as the war in Ukraine stokes energy and food prices. Prices had already been increasing because of supply chain problems in the wake of the coronavirus pandemic.
5 Jun 2022
The German government is supporting Ukraine, battling inflation, and combatting climate change. A monthly survey has asked voters how they rate the efforts.
12 Jun 2022
The European Central Bank has left the interest rate unchanged but indicated that it will rise in July — the first hike since 2011. It is also halting a program which ultimately amounts to printing electronic money.
ISWAP behind Owo Church Attack – National Security Council, Ghana’s inflation surges to 18-year peak
9 Jun 2022
Find these stories and much more when you grab a copy of The Guardian on Friday.
11 Jun 2022
Germany's Bundesbank has predicted annual inflation of 7.1% as prices spiral upward. The central bank also cut its economic growth forecast, warning that the situation could get worse depending on the war in Ukraine.
14 Jun 2022
The 8.6% yearly increase is the biggest since 1981. President Biden's efforts to stem the tide are having little effect as the impact of Russia's invasion of Ukraine continues to hit global economies.
11 Jun 2022
Traders across various markets in Nigeria have lamented the fast-growing inflation as food prices have continued to record an exponential growth in price. GuardianTV went to the market to speak with both sellers and buys about how expensive things have become.
20 Jun 2022
The Japanese and Indian currencies plunged to their lowest records in decades against the US dollar as Washington looked set to hike interest rates in a bid to tackle inflation.
15 Jun 2022
Wall Street had one of its worst days in recent weeks on Monday as a worse-than-expected US inflation figure last Friday fuelled concern about more aggressive rate hikes to come from the Federal Reserve. Cryptocurrencies also continued to tank after a lender froze withdrawals. Plus, as Europe looks to bolster the continent's energy security, France's TotalEnergies signs a deal with Qatar on a major gas field project.
20 Jun 2022
The maiden edition of the Nigeria Solidarity Support Fund (NSSF) Awards treated winners and guests to a delightful evening on the 9th of June at NOK by Alara, Lagos.
The awards celebrated and recognised people who have contributed massively to the healthcare sector in Nigeria and revealed the continued efforts of the NSSF to provide better healthcare in Nigeria.
16 Jun 2022
Ghana's gourmet chef Elijah Addo is reducing food waste and feeding those in need. Once employed by high-end restaurants, Addo today runs West Africa's largest foodbank, and organizing mobile feeding campaigns has become his full-time job.
Latest
1 day ago
The launch of another North Korean ballistic missile comes as South Korean and US forces conduct an 11-day joint military drill called "Freedom Shield 23."
1 day ago
At least 14 people were killed and many more trapped under rubble following a strong quake. The epicenter was about 80 kilometers south of Guayaquil, the second largest city in Ecuador.
1 day ago
Rapper Rick Ross has become embroiled in a dispute with a neighbour after his pet buffaloes escaped from their paddock at his estate in Georgia and started roaming around the neighbourhood.
1 day ago
India and Pakistan traditionally have hostile relations, but there is hope on one front, at least. In order to enable the Sikhs from India to make a pilgrimage to one of their holiest shrines, a "peace corridor" has been opened between the two countries.
1 day ago
The UN's Intergovernmental Panel on Climate Change (IPCC) has published a landmark report on climate change. Prepared by hundreds of world's top scientists, it lays out the impact of global warming so far, as well as the tools available to prevent climate catastrophe. The report says today's record heat will be ordinary in a generation's time. Meanwhile, Swedish climate activist Greta Thunberg has denounced a "betrayal" by world leaders for failing to act on climate change. FRANCE 24's Science Editor Shirli Sitbon gives us her analysis.