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Ghana’s inflation rises again

Ghana’s annual inflation rate hit 40.4% for October, a rise from 37.2% for the previous month, that’s according to the Ghana Statistical Service.

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Ghana’s annual inflation rate hit 40.4% for October, a rise from 37.2% for the previous month, that’s according to the Ghana Statistical Service.

The cost of essential commodities like staple food, fuel and utilities have all surged to push price increases to a record high.

On Saturday, hundreds of protesters took to the streets of the capital, Accra, demanding the resignation of President Nana Akufo Addo, Vice-President Dr Mahamudu Bawumia and Finance Minister Ken Ofori Atta for failing to deal with the crisis.

The local currency, the cedi, recorded one of its worst performances against the US dollar last month and is already listed as the world’s worst performing currency.

BBC Africa

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