The 2022 World Bank’s Africa Pulse Report has ranked Ghana as the country with sub-Sahara Africa’s (SSA) highest food prices.
The report was released at the end of last month, October 2022, which indicated that domestic food prices have gone up by 122 percent since January this year.
Many Ghanaians are feeling the heat and cost of food prices. The situation is being exacerbated as the year-on-year inflation rate for September 2022 from the 16 administrative regions was almost 38 percent.
Experts in the agribusiness sector have cautioned Ghanaians to brace for more hikes in cost of food over the coming months.
Also, the Food and Agriculture Organisation (FAO) has projected in its Finance and Development Journal that food import bills for some 62 vulnerable countries will hit more than US$25 billion this year, putting 1.7 billion people at risk of going hungry in the future.
A chunk of these 62 countries, according to the FAO, are African countries south of the Sahara.
Ghana’s inflation has been rising to an all-time high of 37.8 percent for September 2022 – driven largely by food prices, according to data from the Ghana Statistical Service.
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