Ghana is now placed sixth with the greatest rate of food inflation in Africa.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana is currently ranked 6th in Africa with the highest food inflation.

According to the World Bank’s Food Security Update, Ghana’s food inflation of 22.6% in May 2024 put it at that position. Malawi and Nigeria came 1st and 2nd with food inflation of 40.7% respectively. Sierra Leone (32.4%), Egypt (31.0%), Ethiopia (25.5%), Angola (18.5%) and Zambia (16.2%) were ranked 3rd, 4th, 5th, 7th and 8th respectively.

According to the World Bank, several African countries are still grappling with the continuous burden of excessive inflation, particularly high food inflation.

Source: newsthemegh.com