Ghana's Poor Squeezed as Prices Soar and Cedi Plummets, Sparking Calls for Government Reform
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Prices of basic goods like the street snack "Kofi Brokeman" have nearly doubled in Ghana, making life difficult for vendors and consumers.
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Inflation hit 54% in 2022, the cedi lost half its value, and 850,000 Ghanaians fell into poverty, hurting the middle class and poor most.
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Covid-19 and Ukraine war impacted the economy, but government corruption and lack of reforms are seen as the main causes.
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Informal workers make up most employment but get little social protection compared to regional peers.
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Analysts say government must change course to support the vulnerable, not just the wealthy few.