{"id":1241798,"date":"2022-11-02T12:56:22","date_gmt":"2022-11-02T12:56:22","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/02\/ghanas-inflation-rate-is-148-professor-hanke\/"},"modified":"2022-11-02T12:56:22","modified_gmt":"2022-11-02T12:56:22","slug":"ghanas-inflation-rate-is-148-professor-hanke","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/02\/ghanas-inflation-rate-is-148-professor-hanke\/","title":{"rendered":"Ghana\u2019s inflation rate is 148% – Professor Hanke"},"content":{"rendered":"

<\/p>\n

\n

A Professor of Applied Economics at Johns Hopkins University, Professor Steve H. Hanke, has pegged Ghana\u2019s inflation rate at 148%.<\/p>\n

This is against the current inflation rate (September 2022) of 37.2%.<\/p>\n

Reacting to President Akufo-Addo\u2019s speech about reviving the ailing economy, the American Economist who is a hard critic of the country described the President address as \u201cdreaming\u201d.<\/p>\n

In a tweet, Professor Hanke said \u201cPresident Akufo-Addo says he has total confidence in his ability to save Ghana\u2019s economy. SPOILER ALERT: he is dreaming. Today I measure Ghana\u2019s inflation at 148 % year-on-year\u201d.<\/p>\n

\"Ghana\u2019s<\/figure>\n

He added that without a currency board like the Gold Coast (1913-1958), Ghana\u2019s economy will stay in the tank.<\/p>\n

Meanwhile, prices of some commodities, particularly, rice and cooking oil have shot up by more than 10 percent since January 1, 2022.<\/p>\n

Prices of petroleum products have also surged by over 150% since January 1, 2022.<\/p>\n

DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A Professor of Applied Economics at Johns Hopkins University, Professor Steve H. Hanke, has pegged Ghana\u2019s inflation rate at 148%. This is against the current inflation rate (September 2022) of 37.2%. Reacting to President Akufo-Addo\u2019s speech about reviving the ailing economy, the American Economist who is a hard critic of the country described the President […]<\/p>\n","protected":false},"author":1,"featured_media":1190159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[250,24112,227,5248,179],"class_list":["post-1241798","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ghanas","tag-hanke","tag-inflation","tag-professor","tag-rate"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1241798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1241798"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1241798\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1241798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1241798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1241798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}