ghana's econmic inflation and its effects 

Ghana is experiencing its worst inflation rate and economic performance for a generation.

Inflation rates in 2023 has been hovering around 40%, one of the highest levels in Africa largely due to the effects of the COVID-19 pandemic and the effects of the war in Ukraine. In comparison, the UK is currently experiencing inflation rates of around 13% at its peak.

For those living below the poverty line this has a dramatic effect on their day-to-day lives. Many people are required to work daily to afford basic necessities for themselves and their families andas prices increase for goods such as food items many families are forced to make cuts. This has pushed many people below the poverty line, and for those who were already facing financial difficulties, their situation has been severely worsened. A new bailout programme has been signed between the government of Ghana and the International Monetary Fund (IMF) worth $3bn (£2.4bn) over three years to help ease the problems and is expected to receive the first tranche of $600m soon.

Our project partners are supporting families and communities as much as they can, but the need is far greater than their current reach. With demand already far outstripping limited resources we urgently need your help to combat the issues faced by Ghanaians daily. If you would like to support our work, then please donate here.