World Bank Economic Update

Nearly 850,000 Individuals Pushed Into Poverty In 2022 – World Bank

Nearly 850,000 Individuals Pushed Into Poverty In 2022 – World Bank

Nearly 850,000 individuals were pushed into poverty in 2022 due to rising prices. According to the latest World Bank Economic Update, the considerable rise in prices worsened food insecurity in Ghana, particularly toward the end of 2022. It explained that food insecurity increased toward the end of 2022, correlating with the highest inflation rates. “The number of food-insecure individuals rose, with higher prevalence rates in the post-harvest season.  Food insecurity at crisis and emergency levels is expected to remain elevated through mid-2023”. The report furthered that macroeconomic crises -and particularly inflation- hurt the poor first and foremost, thus it is…
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