Ghana Battles Soaring Inflation and Falling Currency as Elections Loom

• Ghana's inflation rate hits 23.5% in January 2024, nearly 3 times the combined rates of Ivory Coast (3.1%), Burkina Faso (4.3%), and Togo (2%) • Food inflation at 27.1%, with prices of ingredients like tomatoes (52.3% inflation) and cassava surging • Ghana's international reserves down to less than 3 months of import cover at $5.9 billion • Cedi currency depreciating against major trading currencies like US dollar • Voters prioritize tackling inflation and currency issues ahead of December 2024 general elections