Ghana is not the only country facing challenges, 41 others are faced with food & fuel crises-Ofori-Atta
Finance Minister Ken Ofori-Atta has asserted that Ghana is not the only country faced with economi9c challenges.
The Minister says several other African countries are experiencing severe economic challenges.
At a press conference held today, Thursday, May 12, 2022, the Minister said “Today, 41 African economies are severely exposed to, at least, one of three concurrent crises, rising food prices, rising energy prices, tightening financial conditions Finance Ministers now call it the dreaded three Fs; Food, fuel and financial conditions.
“That is just a ripple through in all Africa, and food prices easily about 34 per cent higher, crude oil prices some 60 per cent higher and global inflation has risen, we saw our numbers yesterday moved to 23.6 per cent, a good chunk of it being imported inflation.”