Ghana ranks 1st with highest food price increases of 122% in Africa

Ghana places first in the latest ranking of the Food Price Index in Countries in Sub-Saharan Africa.

According to FPI, Ghana recorded high increase of food prices on the African continent.

Food inflation in Ghana has been high, recording a year-on-year inflation of 34.4% in August 2022, the Ghana Statistical Service disclosed.

According to the stats, drivers of food inflation in Ghana were Oils and Fats (67%); Fish and Other Seafood (42.9%); Water (42%); Cereal products (40%); Milk, Diary Products and Eggs (39.7%), Fruits and Vegetable Juices (37.7%) and Live Animals and Meat (34.5%).

All the items registered inflation rates much higher than the national average of 33.9%.