Article 11VY0 Ghana's success story built on gold, oil and cocoa is foundering | Chris Matthews

Ghana's success story built on gold, oil and cocoa is foundering | Chris Matthews

by
Chris Matthews in Accra
from on (#11VY0)

Soaring prices for electricity, water and fuel have triggered protests amid concern that politicians are mishandling Ghana's economic downturn

Dressed in the red and black clothing traditionally worn at funerals, waving anti-austerity placards and accompanied by drums and bellowing horns, thousands of Ghanaians descended on the Kwame Nkrumah Circle in Accra in mid-January.

These workers marching through the capital and other cities were showing their dismay at recent price hikes and taxes, which have increased the cost of electricity by 59%, water by 67% and fuel by 28%.

Related: Ghana's cocoa farmers turn to smuggling as profits dwindle | Mark Anderson and Billie Adwoa McTernan

Related: Ghana's plea to IMF a sad recognition of the perils of prosperity | Monica Mark

Related: Ghana's big business and informal traders alike hit by crumbling economy | Billie Adwoa McTernan

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