INFLATION Hits 40 Years Record High After Bawumia Spoke

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Barely a week after the vice president of Ghana Dr. Mahamudu Bawumia delivered a lecture on the state of the economy, inflation seem to have gotten angry. The year on year inflation for the month of March 2022 has hit a record time high in the last 40 years.

According to the government statistician Prof. Samuel Kobina Annim, inflation for the month in reference was 19.4%. This is the highest in the last four decades according to him. He added that food inflation stood at 22.4% while non food inflation was 17.2%. On regional basis, the professor said Brong Ahafo recorded the worst inflation of 23% while Upper East recorded the least of 12.1%.

However the Upper West region recorded the highest food inflation in the month of March thus 34.7% while greater Accra region recorded the highest non food inflation 26.4%.

According to Prof Annim, Ghana's inflation started rising in December last year when it crossed the signle digit for the first time in three years. December was 12.1%, January was 13.3% and February recorded 15%.6 This is the first time inflation was going up above 4% from previous rate, he added.

Don't you think it will be appropriate if Bawumia can come out again to address this development as he usually do? Do you think inflation is angry at Bawumia? Use the comments section to share your opinion.


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