Ghana: Country battles economic crisis as inflation hits 40% • FRANCE 24 English

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FRANCE 24 English

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Ghana: Country battles economic crisis as inflation hits 40% • FRANCE 24 English


Ghana is battling its worst economic crisis in decades. The World Bank once hailed it as a West African shining star and by 2019 it had the world’s fastest-growing economy But with inflation topping 40 percent, that is far from the case today. France 24’s correspondent in Ghana filed this report.
#Ghana #economy #crisis

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9 Comments

  1. I guess being drowned in debt with China to build a brand new blingy Accra to attract african-americans didn't pay off after all.
    It was a lesson learnt, though. We fall, we learn, we get up and move on more wise. Ghana learnt not to make insane investments without the economy to back them up.
    I suggest you invest in mechanizing your agriculture. Farming co-ops work well if people know how to cooperate and share. Small farmers don't need a machine each, a few can share the same, plan the rotation amongst members according to the needs and split maintenance costs. It's a great way to start mechanizing agriculture.
    Start with the basics and build on it. Next, simple food transformation industries with the roads and railways to back up necessary nimble logistics to maximize transport efficiency and lower production costs.
    Development is a structured process, like raising a building.
    You can do this step by step and with the right international partnerships to flow out your productions.
    Be wise and all the best, Ghana.

  2. I think we need to do something on the outside , entertaining more , respecting what we have , mewnong resources , our culture , especially . Look at out crops and eveything , wr need to dell if for a higher price , because foreign people will come in to this land to build companies and everything , it is with a cost , its land , its fruit , its a chance for us . We need to think offensive , i will figure it out but i think we need to help the farmers and our land to be safe , the government maybe dont know , yku know we have this cacaodrink selled all over germany , its expensive , evrrobidy loves it , named kaba , but the farmes just have 1 percebt of it , this is wrong … , there needs to be a lobby , connected with a strong econonmy with the aime to make our household more stronger and richer , just like i said , its not only business from just a few people , hoe can ee get the maximum out of it because its our future , to make.more money ???!!!!