Food costs in Ghana are in the top 10 worldwide, according to the World Bank.
In terms of nominal food inflation, the Bank’s most recent Food Security Report ranked Ghana eighth.
On a year-over-year basis, food inflation in Ghana was a shocking 54% in nominal terms and 12% in real terms.
With a staggering Nominal Food Inflation of 414%, Venezuela led the list, followed by Lebanon (280%), Zimbabwe (256%), Argentina (112%), Suriname (71%), Egypt (66%), and Sierra Leone (58%).
Countries with the greatest real food inflation rates include Zimbabwe (80%), Egypt (30%), Lebanon (26%), Turkey (16%), Rwanda (15%), Burundi (14%), Laos (14%), and Sierra Leone (13%).