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Ghana's inflation soars as IMF deal drags on – DW – 03/24/2023

Summary by Ground News
Ghana is seeking $3 billion from the IMF to shore up its economy. The inflation rate for February stood at 52.8%, according to the Ghana statistical service. Commodity prices have been increasing for months in Ghana, gnawing away people's purchasing power. Ghana's over-dependency on imported goods also increases prices.

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Deutsche WelleDeutsche Welle
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Ghana's inflation soars as IMF deal drags on – DW – 03/24/2023

The West African nation is facing one of its worst economic crises in decades. Soaring inflation is compounding the sufferings of many Ghanaians who now have to dig deeper into their pockets to afford essential goods.

·Bonn, Germany
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Deutsche Welle broke the news in Bonn, Germany on Friday, March 24, 2023.
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