World Bank: Ghana ranks 1st with highest food price increases of 122% in Sub-Saharan Africa
Ghana is ranked 1st by the World Bank with the highest food prices in Sub-Saharan Africa in 2022. According to the Bretton Wood institution’s October 2022 Africa Pulse Report, food prices have since January 1, 2022, gone up by 122%. Since the start of 2022, food prices have increased sharply in many countries, largely due to the Russian/Ukraine war. According to the Food Price Index in Countries in Sub-Saharan Africa, Ghana has recorded very sharp prices in food on the African continent. World Bank: Ghana ranks 1st with highest food price increases of 122% in Sub-Saharan Africa Food inflation in Ghana has been high, recording a year-on-year inflation of 34.4% in August 2022, the Ghana Statistical Service disclosed. On month-on-month basis, inflation was even higher. The drivers of food inflation in Ghana are Oils and Fats (67%); Fish and Other Seafood (42.9%); Water (42%); Cereal products (40%); Milk, Diary Products and Eggs (39.7%), Fruits and Vegetable Juices (37.7%) and Live An...