“We have all seen the images from around the world, but in Ghana, there have been no fuel lines, no shortages of food or other necessities, and no dumsor disaster. The performance of our local economy has undoubtedly been impacted by significant global changes.”
“Food costs and worldwide inflation have reached record highs. Increasing global interest rates are a result of central banks in various industrialized nations tightening monetary policy to combat rising inflation and the energy crisis, which was exacerbated by crude oil prices reaching previously unheard-of heights at one time above $120 per barrel.”
In the midst of worsening hardship, rising living expenses, and a depreciating cedi, Ghana is currently requesting a bailout from the International Monetary Fund (IMF) for an economic recovery.
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