The World Bank has projected that some 850,000 Ghanaians were pushed into poverty in 2022 due to the rise in inflation.
Ghana’s inflation soared to a 30-year-high in 2022, peaking at 54.1% in December 2022.
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But accessing the impact of soaring inflation on food security and poverty, the World Bank says it works with the Ghana Statistical Service has disclosed 850,000 people were pushed down the poverty line.
