Economics

Surging Inflation Set to Derail Ghana’s 2022 Growth Target

  • Economists surveyed estimate economy will expand 5% this year
  • War in Ukraine remains major influence on price developments

Crowds of customers make their way through a food market in Accra.

Photographer: Nipah Denis/Bloomberg
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Ghana’s economic expansion this year will likely fall short of a government forecast as soaring inflation reduces private consumption and investment.