Ghana’s consumer price inflation rate has risen to 23.6 percent, from 19.4 percent in March.
The latest figures released by Government Statistician Kobina Annim on Wednesday show that import prices increased faster than domestic prices for the first time in over two years.
Ghanaians have condemned the rise in the cost of food and services, claiming that the cost of living here is quickly becoming unbearable.
The country’s targeted economic growth is expected to be derailed by the country’s surging inflation rate, which is the highest in more than a decade.
The second-largest West African economy is also dealing with sharp increases in the cost of transportation, water, and gas, as well as a proposed 150 percent increase in electricity prices.
Trade unions have urged the government to provide public-sector workers with a 20% cost-of-living allowance, raise the minimum wage, and eliminate petroleum taxes.
Experts have warned that the rise in international food prices will disproportionately affect African economies and may spark social unrest in some countries.