Ghanaians were hit particularly hard in the pocket by the global bout of inflation, beginning in early 2022, that saw prices rise in the country at their fastest rate for more than two decades.
The annual rate of increase reached a peak of 54.1% in December 2022. It has since come down, but this is just an average and prices of some staples have continued to go up sharply.
Eggs and tomatoes, for instance were more than twice as expensive in February 2024 as they were 12 months earlier. Other Ghanaian favourites have also shot up with wages not keeping pace.
Although the popular national dish – Ga kenkey (fermented maize dumplings) with fish – has not seen such a big jump, the balls of kenkey are now smaller.
As a result, more people have been pushed into poverty and living standards have suffered, the World Bank says, external.
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