Hike in food and fuel prices respectively since the commecement of this year 2023 has become very alarming in some African countries.
And Ghana ,including some ECOWAS countries are experiencing such challengies due to the depreciation in value of their respective currencies as compared to the dollar and pounds sterling at the international trade market and the lack of Potency to manage and to unprecedentedly negotiate with due respect, for the natural resources of these affected countries to favorable well resourced and advanced countries without any reasonable doubt.
Ghana been one of the front tier of the ECOWAS Countries and with alot of partnerships to enable the correspondance of winning the interest of investors and to collaborate better, since that is the core reason and priority of the ECOWAS memberships.
But yet still there's been alot of lapses interms of natural resources management and the management of the Economy.Including the sustainability of the value of currency and inffiliation of the country.
When there is a hike in fuel prices unexpectedly its triggers the unprecedented increament in food prices and Transportation fairs(fee). And leadership need to affirm their articulate to curb these issues.
These unprecedented Hike in food and fuel prices is one of the factors that has resulted the country's economy in high cost of living with alot of unemployment among University graduates and the youth in general.
THANK YOU FOR THE SPLENDID TIME.
