{"id":130431,"date":"2024-01-21T12:00:42","date_gmt":"2024-01-21T12:00:42","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/how-africans-are-coping-with-a-skyrocketing-cost-of-living-dw-news\/"},"modified":"2024-01-21T12:00:42","modified_gmt":"2024-01-21T12:00:42","slug":"how-africans-are-coping-with-a-skyrocketing-cost-of-living-dw-news","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/how-africans-are-coping-with-a-skyrocketing-cost-of-living-dw-news\/","title":{"rendered":"How Africans are coping with a skyrocketing cost of living | DW News"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i2.ytimg.com\/vi\/QBSw42PR8DY\/hqdefault.jpg\" alt=\"How Africans are coping with a skyrocketing cost of living | DW News\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/QBSw42PR8DY\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>Africa is set to be the second fastest-growing economic region in the world \u2013 with four percent growth forecast this year. That&#8217;s according to the International Monetary Fund (IMF). While that sounds like good news, it&#8217;s not guaranteed. African countries are still suffering the effects of the COVID pandemic, Russia&#8217;s war in Ukraine and the Israel-Hamas conflict. And let&#8217;s not forget issues like climate change, increased food insecurity and political instability, creating further challenges.<br \/>\nEven Africa&#8217;s largest economy Nigeria, has not been spared from high inflation. DW correspondent Olisa Chukwumah in Lagos, Nigeria, went to find out how people are struggling with the high cost of living.<br \/>\nIt&#8217;s a similar situation in Ghana \u2013 a country once seen as a model of African development.<br \/>\nTo put things into perspective, the economy grew by eight percent in 2019, making it one of the fastest-growing economies in the world.<br \/>\nFast forward to 2022, Ghana&#8217;s currency, the cedi, plunged against the dollar and inflation shot to record highs above 50 percent. The resulting economic crisis forced Ghana to seek financial aid from the International Monetary Fund.<br \/>\nAs the government battles the sky-high cost of living, some communities are trying to stay afloat financially. They are putting a fresh spin on traditional saving schemes. Maxwell Suuk reports from Northern Ghana.<\/p>\n<p>00:00 Intro and reports from Nigeria and Ghana<br \/>\n07:24 DW speaks with Ken Ofori-Atta, Ghana&#8217;s Minister for Finance and Economic Planning<\/p>\n<p>Subscribe: https:\/\/www.youtube.com\/user\/deutschewelleenglish?sub_confirmation=1<\/p>\n<p>For more news go to: http:\/\/www.dw.com\/en\/<br \/>\nFollow DW on social media:<br \/>\n\u25baFacebook: https:\/\/www.facebook.com\/deutschewellenews\/<br \/>\n\u25baTwitter: https:\/\/twitter.com\/dwnews<br \/>\n\u25baInstagram: https:\/\/www.instagram.com\/dwnews<br \/>\n\u25baTwitch: https:\/\/www.twitch.tv\/dwnews_hangout<br \/>\nF\u00fcr Videos in deutscher Sprache besuchen Sie: https:\/\/www.youtube.com\/dwdeutsch<\/p>\n<p>#Africa #Inflation #Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa is set to be the second fastest-growing economic region in the world \u2013 with four percent growth forecast this year. That&#8217;s according to the International Monetary Fund (IMF). While that sounds like good news, it&#8217;s not guaranteed. African countries are still suffering the effects of the COVID pandemic, Russia&#8217;s war in Ukraine and the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":130432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[130889],"tags":[132230,138556,129483],"actors":[],"class_list":["post-130431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dw-news","tag-africa","tag-fastestgrowing","tag-second"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Africans are coping with a skyrocketing cost of living | DW News | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch How Africans are coping with a skyrocketing cost of living | DW News for free, here on News ISC. 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