Ghanaians have been hit particularly hard by global inflation that began in early 2022, sending prices in the country at their fastest rate in more than two decades.
The annual growth rate peaked at 54.1% in December 2022. It has fallen since then, but that’s only an average, and prices for some staples have continued to rise sharply.
Eggs and tomatoes, for example, were twice as expensive in February 2024 as they were 12 months earlier. Other Ghanaian favorites have also grown with salaries that have not kept up with them.
Although the popular national dish – ha kenkei (corn dumplings) with fish – did not grow as much, the kenkei balls became smaller.
As a result, more and more people fell into poverty and the standard of living deteriorated. says the World Bank, external.
