Ghana has been the nation in Sub-Saharan Africa with the highest food prices since January 2022, according to a World Bank analysis.

According to myjoyonline.com, the World Bank's October 2022 Africa Pulse Report shows that food prices have increased by 122% since January 2022.

In Ghana, food prices have increased quite quickly this year, exceeding the "inflation ceiling of the central bank goal bands for all nations with an explicit nominal anchor," according to the research.

Food, transportation, and fuel have a significant impact on inflation in Ghana.

According to the Ghana Statistical Service, the country’s current inflation rate stands at an all-time high of 33.9% as of August 2022.

Food inflation alone was 34.4%, higher than the national average.

The drivers of food inflation in Ghana are Oils and Fats (67%); Fish and Other Seafood (42.9%); Water (42%); Cereal products (40%); Milk, Diary Products, and Eggs (39.7%), Fruits and Vegetable Juices (37.7%) and Live Animals and Meat (34.5%). All of the items recorded inflation rates higher than the national average of 33.9%.

Meanwhile, Senegal followed Ghana closely with food price increases of 110%.

Uganda is 2nd with a 107% increase in food prices.

Ranking of Sub-Saharan African countries with the highest price increases in 2022

COUNTRY FOOD PRICE INCREASE (%) RANKING

Ghana 122 1st

Senegal 110 2nd

Uganda 107 3rd

Nigeria 106.5 4th

Kenya 104 5th

South Africa 102 6th

Angola 101.5 7th

Mozambique 101 8th

Zambia 100.5 9th

Congo 100 10th