Ghana Inflation Reached Eight-Month High in December

The video discusses Ghana's rising inflation, attributed to fluctuating food prices, a strong dollar, and geopolitical tensions. The central bank has paused interest rate cuts, maintaining a tight monetary policy under IMF conditions. With a new government in power, President John Muhammad aims to create a favorable business environment, tackle corruption, and address high unemployment and debt. The economic strategy remains uncertain, but the focus is on stabilizing the economy and regaining public trust.

What are some of the factors contributing to the rising inflation in Ghana?

• Decreasing energy prices

• Geopolitical tensions

• Stable food prices

• A weaker dollar

What action did the central bank take in response to the inflation trend?

• Increased interest rates

• Paused interest rate cuts

• Decreased interest rates

• Removed all monetary policies

What is one of the conditions of the IMF program that Ghana is under?

• Loosening monetary policy

• Maintaining a tight monetary policy

• Increasing government spending

• Reducing foreign investments

What is one of the strategies the new president plans to implement to improve Ghana's economy?

• Focus solely on agriculture

• Reduce foreign trade

• Create a favorable business environment

• Increase taxes

What economic issue was a significant factor in the recent election outcome in Ghana?

• High employment rates

• Low inflation rates

• Surplus government budget

• Crippling debt