Sign in
Download Opera News App

News Politics




Africa politics

Ghana's Economy Is Becoming Dire As Runaway Inflation Of 40% Woefully Surges: Franklin Cudjoe

Imani Africa thinks tank founder Franklin Cudjoe, on addressing the food insecurity problems through enhanced diplomatic cooperation and collaboration had made some substantial knowledgeable insight into the current economic state in the country.

He believes that long before the twin evil of the pandemic and the Russian-Ukraine conflict left an estimated 100 million more people on the African continent food insecure, a total of 282 million people on the continent were already hungry.

He informed that the situation in Ghana, for instance, is becoming dire as runaway inflation of 40% and climbing coupled with escalating fiscal pressures continue to expose low-income earners and the vulnerable to hunger.

The Ghana Statistical Service reports that about 3.6 million which is about 12% of the population are food insecure, and 78 percent of these people live in the rural areas of Ghana.

Are we not nauseous as a country, no negotiations on the economy, we just decided to mention $30 billion having been funds needed to sort out our economic woes, that's ineffective on the side of the finance minister.

You have a budget deficit of Ghc38 billion as a country and you're seeking a loan of Ghc30 billion. Is everything right in Ghana?

Content created and supplied by: BATACH (via Opera News )

Franklin Cudjoe Ghana Ghana Statistical Service Imani Africa


Load app to read more comments