Ghana's Inflation Hits 29.8% In Almost Two Decades

Ghana’s inflation hit 29.8% in June, the highest since December 2003. <br />The country’s statistics office says surging food and commodity prices are responsible for the spike. <br />The government has now turned to the International Monetary Fund (IMF) for a bailout plan expected to be worth $1.5bn. <br />Ghana’s total debt is estimated to be more than two-thirds of its revenue and an increase in its debt profile could harm future generations and scare investors