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Ghana balance-of-payments deficit hits nearly $2.5 bln in June - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Ghana’s balance-of-payments deficit widened to nearly $2.5 billion in June from $935 million in the first quarter, data from the central bank showed on Friday.

The West African nation has seen runaway inflation hit 29.8% in June

The West African nation has seen runaway inflation hit 29.8% in June, its debt-to-GDP ratio at 78.3%, while its cedi currency has lost nearly a quarter of its value this year. Earlier this month, Ghana’s government averted a planned strike by public sector workers, reaching an agreement with the country’s main labour unions to increase the cost of living allowance by 15%.

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