Wednesday, 1 February, 2023
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Ghana battles economic crisis

Ghana battles economic crisis

ACCRA: The packing machine at Nakobs' Pac factory in the outskirts of Ghana's capital Accra is running at full pace, churning out sachets of treated drinking water.

But all is not well at Nakobs'. Like other small businesses in Ghana these days, owner Daniel Tekyi is struggling, reports AFP.

With inflation at over 50 percent, the currency worth half what it was last year, fuel prices doubling and debt payments gobbling up more than half the government's revenues, Ghana is battling its worst economic crisis in decades.