Ghana’s inflation rate increased to 50.3% in November from 40.4% in October.
![Ghana's Economic Woes Worsen As Inflation Rate Hits 50.3% Ghana's Economic Woes Worsen As Inflation Rate Hits 50.3%](https://odunews.com/wp-content/uploads/2022/08/Ghana.webp)
Samuel Kobina Annim, Government Statistician for Ghana, announced this while speaking with journalists on Wednesday.
The announcement comes a day after Ghana secured a staff-level agreement with the International Monetary Fund (IMF) on a $3 billion loan to tackle its economic challenges.
Ghana has been facing a severe economic crisis that triggered a restructuring of its local debts last week. The country also announced a deal with the IMF for a $3 billion bailout.
Ghana’s inflation rate was just 13.6% in January this year but has continued to experience price increases driven by currency depreciation and a fiscal crisis.
![OduNews on Google News](https://odunews.com/wp-content/uploads/2022/02/Follow-us-on-google-news-e1645622317193.png)
Submit press release, news tips to us: tips@odunews.com | Follow us @ODUNewsNG