Ghana's Inflation Hits 29.8% In Almost Two Decades
Jul 14, 2022 ·
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Description
Ghana’s inflation hit 29.8% in June, the highest since December 2003. The country’s statistics office says surging food and commodity prices are responsible for the spike. The government has now...
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Ghana’s inflation hit 29.8% in June, the highest since December 2003.
The country’s statistics office says surging food and commodity prices are responsible for the spike.
The government has now turned to the International Monetary Fund (IMF) for a bailout plan expected to be worth $1.5bn.
Ghana’s total debt is estimated to be more than two-thirds of its revenue and an increase in its debt profile could harm future generations and scare investors
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The country’s statistics office says surging food and commodity prices are responsible for the spike.
The government has now turned to the International Monetary Fund (IMF) for a bailout plan expected to be worth $1.5bn.
Ghana’s total debt is estimated to be more than two-thirds of its revenue and an increase in its debt profile could harm future generations and scare investors
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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