Ghana's Inflation Rockets To Highest In A Decade

The rate of inflation in Ghana has risen to its highest level in almost a decade, with food prices increasing by around a fifth.

The government said the inflation rate went up from more than 15% in February to 19.4% in March - far exceeding the central bank’s target of between 6% and 10%.

The bank raised interest rates last month in an effort to curb rampant price rises, which analysts say threaten to plunge one of West Africa's largest economies into crisis.

The government has also announced a package of spending cuts to try to reduce its budget deficit and prop up the local currency.