How Africans are coping with a skyrocketing cost of living

How Africans are coping with a skyrocketing cost of living | DW News

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Africa is set to be the second fastest-growing economic region in the world - with four percent growth forecast this year. That's according to the International Monetary Fund (IMF). While that sounds like good news, it's not guaranteed. African countries are still suffering the effects of the COVID pandemic, Russia's war in Ukraine and the Israel-Hamas conflict. And let's not forget issues like climate change, increased food insecurity and political instability, creating further challenges.
Even Africa'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.
It's a similar situation in Ghana - a country once seen as a model of African development.
To put things into perspective, the economy grew by eight percent in 2019, making it one of the fastest-growing economies in the world.
Fast forward to 2022, Ghana'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.
As 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.
00:00 Intro and reports from Nigeria and Ghana
07:24 DW speaks with Ken Ofori-Atta, Ghana's Minister for Finance and Economic Planning
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#Africa #Inflation #Ghana

Пікірлер: 222

@ecofriend93 5 ай бұрын

African nations need to band together and create a unified currency, like the Euro. They lose a lot of value having to convert to/from one currency to USD for trade. Plus African banks need stricter regulations, right now they have exorbitant and greedy fees. I'm currently living in Zambia and for my bank account with ABSA, I pay monthly, quarterly and I believe yearly fees just to have the account. Add all sorts of transaction fees, atm usage fees etc, it's no wonder people are not able to save money. They are literal robber barons.

@Simp_Zone 5 ай бұрын

A unified African currency is a nice idea. All our western currencies are based on the dollar though afaik.

@ecofriend93 5 ай бұрын

@@Simp_Zone yeah, that's correct. The unified African currency would be for trade amongst the African nations primarily. Right now if Zambia wants to trade with it's neighbor, Tanzania, it has to buy US dollars (first point of loss) then Tanzania to put the revenue from the trade into national circulation has to convert from USD to local currency (second point of loss). Both times value is extracted from local businesses to foreign entities. As we say in Eastern Province, si cha bwino! (not good :) )

@AnAverageChinese 5 ай бұрын

Gaddafi tried and killed by the Americans

@martytube821 5 ай бұрын

Many African countries are on the verge of civil war or in one, so how can a continent unite when's there's little stability? Thing about currency is it needs to be transparent, trusted and fairly stable, then you'd have distribute based on what metric and that's where its hard to unite!

@ecofriend93 5 ай бұрын

@@martytube821 maybe the countries that have their act together can take the lead? Gotta start somewhere

@victorolatope5148 5 ай бұрын

I love the communal spirit shown by the Ghana women. If every where can be like that.

@JudgeyJudgeyable 5 ай бұрын

I doubt it. Maybe their group is not greedy but a lot of people tend to be

@bilityceesay4732 5 ай бұрын

This is a common practice in rural Gambia as well

@pietrojenkins6901 5 ай бұрын

@@bilityceesay4732 it is a form of socialism. That economic system failed Venezuela, Cuba, Tanzania....

@mcback4384 5 ай бұрын

@@pietrojenkins6901it's still doing tremendous strides in Tanzania, we locally call it vikoba but with a touch of formal banking steward

@maroonamaasante6382 5 ай бұрын

This finance minister can't even look in the eyes of the people through a camera lens😅 im not convinced these plans are a priority for the people

@quickcinemarecap 5 ай бұрын

00:02 Africans are struggling with skyrocketing costs of living 01:36 The cost of living in Nigeria and Ghana has skyrocketed due to currency devaluation and economic instability. 03:10 Rural women in northern Ghana have formed a cooperative savings scheme to cope with economic hardships. 05:11 Village Savings initiatives are helping rural families cope with the economic hardship. 06:51 Ghana's finance minister addresses concerns about the high cost of living. 08:32 Africans are coping with high inflation and currency depreciation. 10:19 Ghanaian government's efforts to alleviate financial struggle 11:56 Ghana aims to reduce inflation to 15% by the end of the year.

@person.X. 5 ай бұрын

It would help if the Nigerians got their act together and produced their own food! It is absolutely crazy that they import so much of it.

@tasheyjones733h4 5 ай бұрын

I'm a African American brown colored brother n I love my African People God Bless y'all y'all up next I'm coming back home to🎉🎉🎉🎉

@dlewis8405 5 ай бұрын

Nigeria has a very high population growth rate. More people, but food supply hasn’t grown as fast.

@islamicinfowala6494 5 ай бұрын

Dum logic man read some book about economy they are the victim of colonialism

@liberatingthemind470 5 ай бұрын

Not true at all check the data Nigeria's pop growth rate has hovered around the same rate for more than 30yrs. And yes low investment in infrastructure in rural areas is major factor in low farm yields and soaring food prices.

@dlewis8405 5 ай бұрын

@@liberatingthemind470 hovered around the same rate of roughly 4.5 children per woman which translates into an overall population doubling over a couple generations since the death rate has fallen due to better health care. It will be a nightmare for future generations if Nigeria doesn’t get a handle on it.

@lokesh303101 5 ай бұрын

Yes!

@othellojames5835 5 ай бұрын

Afica contributes less than 2% to global trade, we must always expect the worst when there is slow growth of the global economy as we have been seeing since the start of covid.

@mcback4384 5 ай бұрын

From where you accumulated such percentage? Raw materials no part of world trade I guess, the amount of pharmaceuticals import Africa trading with the globe is more than that percentage you've mentioned

@theconqueringram5295 5 ай бұрын

That money box idea in Ghana is a pretty cool idea.

@jm9371 5 ай бұрын

Wow... setting up your own bank system. Must be a super tight community. I wish everyone success.

@lingth 5 ай бұрын

The drop in exchange rates reminds me of Argentina.. it's really bad.. it's becoming not safe to keep your money in the local currency if it drops so fast

@eng.machel9257 5 ай бұрын

They need to buy a safe to store the money or open a bank account where they may negotiate the terms. Otherwise that box can be stolen and so easily openen even without the padlocks.

@YesOfcourse-fh8xd 5 ай бұрын

It would cost them more than what is in that box to get to their closest bank

@hillbilliefx 5 ай бұрын

We will survive we will grow our own food as long we can eat we will survive, and we will stop depending on our governments

@gabrieldsouza6541 5 ай бұрын

the difference between survival and being wealthy is knowing that not everyone should be growing their own food, some countries should specialize their economies to what they're best at. for example, somalia trying to be food self-sufficient is foolish. most of their country is a desert. however, somalia has excellent sea access, so they can specialize in fishing as well as building ports for trade. they can simply buy their food with foreign currency they earn from trading.

@Kevin-vc3jf 5 ай бұрын

growth for the elites... inflation for the peasants

@jaughnekow 5 ай бұрын

ghana´s economy is getting back on track...only for the rich not for the average citizen.

@fesderi3933 5 ай бұрын

You mean the Imf ongoing cleanup exercise is done ,I saw imf releasing another 600m dollars to Ghana few days back

@jaughnekow 5 ай бұрын

@@fesderi3933 they'll misuse it. Just watch.

@eric-222 5 ай бұрын

Ken Offorit-Atta, is a stable currency the same as a strong currency? In the context of currencies, stability and strength are related but distinct concepts. A stable currency is one that experiences relatively low volatility and fluctuations in its value over time. On the other hand, a strong currency typically refers to a currency that has a high exchange rate compared to other currencies. The latter is what we Ghanaians are expecting. Prices of products in the market have not changed and have rather skyrocketed despite the proclaimed stability of the Cedi.

@vincentb5119 5 ай бұрын

Quite debatable. Unless your economy is as robust as that of a developed nation and super power like the US, having a stable currency is the way to go. Advantages include cheaper exports relative to stronger currency economies. What our governments need to do is to take advantage of that situation and build a robust export base. This will bring in more foreign currency and stabilise the economy even further.

@ballenboy 5 ай бұрын

And there are 30 MILLION more people living in Nigeria since 2016. This instability can be blamed on the country and its inhabitants by putting so much stress on the nature and infrastructure with the constant increase of more mouths to feed. When they got their independence in 1960 they were 45 million people, now they are getting close to 250 million in a few years.

@gsomethingsomething2658 5 ай бұрын

Are there ANY African countries that are thriving economically?

@user-nz5dh6qq5x 5 ай бұрын

No, were still waiting for you our saviors to come help us, what would we do without you???🤣

@annemarie497 5 ай бұрын

South africa

@jojo2007ish 5 ай бұрын

I mean in the video he says Ghana grew by eight percent! Their problem is the economy is doing to well and they haven't yet adjusted their wages.

@jamessitati7396 5 ай бұрын

Botswana, Tanzania, Mauritius, Seychelles, Uganda, Rwanda, Somalia, my Kenya is doing bad economically due to bad politics but our people are resilient, we shall overcome.

@gsomethingsomething2658 5 ай бұрын

@@jamessitati7396 Oaky, that's good to hear. Good luck to you all.

@franciskwofie6754 5 ай бұрын

Who is spared with high inflation in the world. People in America are also suffering. Many are becoming homeless, losing their jobs, cannot afford basic things. Yes, America has welfare system that support families. It is welfare where the government borrow to support the citizens. To portray it as Africa problem only is ridiculous. Report how resilient the people are, the social system not making people destitute.

@maroonamaasante6382 5 ай бұрын

Solution: grow our own food. Stop importing food that can be grown inside

@mademoiselledelaforet6789 5 ай бұрын

Here in DRC Congo before covid19 10$ = 14,000 CFR now, 10$ = 27,500 after covid19

@researcher7109 5 ай бұрын

High inflation for most African countries is because they relay on imports. American inflation is not as high because imports only make up 18 percent of the economy. edit: Africa should not relay on food imports so heavily when it has some of the most Arable land in the world. Africa has enough arable land to feed the world let alone its own people.

@gabrieldsouza6541 5 ай бұрын

Africa isn't a country. Economic decisions are made at a national level, not a continental level. For example, it is impossible for a country like Somalia or Mauritania to be self-sufficient in food, because their countries are mostly desert. Relying on imports for food is not a bad thing, America imports 90% of the food they export. The important thing is to specialize in an industry that can earn foreign currency reserves so that there's enough money to buy food.

@researcher7109 5 ай бұрын

@@gabrieldsouza6541 My statement implied that Africa isn't a country. Key words"most African counties", which is in the first sentence.

@gabrieldsouza6541 5 ай бұрын

Apologies, I was replying to your edit. @@researcher7109

@fintamaria2429 5 ай бұрын

The growth of the economy should be defined only in the health of the citizens of that Country, if children have a very good education, the elderly have a decent life, if young people can afford to have a family, the strict necessity would be access to education, a house, etc.!!!!!

@deniseproxima2601 5 ай бұрын

They have a house. Maybe a generator.

@franciskwofie6754 5 ай бұрын

They do not need money or loans from the banks. The interest is so high. It is more than 30%. How do you service loan at such cost? Not realistic.

@vivianoosthuizen8990 5 ай бұрын

How come the people from Africa believe that the European nations became rich because the Africans labour created the wealth? Why if they are so productive why are African countries not very rich with so many African workers?

@TheAshdan81 5 ай бұрын

One word. Corruption.

@Daxter250 5 ай бұрын

i hope they know what they are doing by borrowing money from outside. cause inflation will actually make it more difficult to pay back said debt, cause the debt is given in dollars and not in their state currency.

@cmartin5903 5 ай бұрын

Forced to borrow from IMF ...means that there might have been external forces fighting for this to take place.. Perhaps through intimidation and other means so often done.❤The prices are mostly the people as well. If youths don't do agriculture ..the economy becomes weak with growth and continual consumption. If the youths won't do it, then thise who know good business opportunities should add value. ❤❤

@jaymeskuriah 5 ай бұрын

Every country has its own share of issues. It is sad to see that depreciating currencies, rising inflation, unemployment, and corruption are still plaguing many African nations. Nonetheless, the financial principles of living within your means, saving, and investing still remain ...Watching from Kenya

@icetrip2417 5 ай бұрын

He has a point

@vivianoosthuizen8990 5 ай бұрын

From 0 to 4% and percentage of what amount? For example $1 is 10% of $100

@V59971 5 ай бұрын

Africans will always be fine .. majority of us dint live off loans ,mortgages or credit cards.. so we shall always be good regardless

@adetunjiaderibigbe1806 5 ай бұрын

They forget to add to the Nigerian 🇳🇬 that any prices of goods or services that goes up in Nigeria never goes down.

@brendataylor8388 5 ай бұрын

Sad that Ghana has such a horrid reputation for online thievery😢

@tloutlou2655 5 ай бұрын

Why you mention Africa and Inflation. Then show Roundwells

@Island-Nation 5 ай бұрын

Yes nasty western media for you😂

@martinvanevrah 5 ай бұрын

But in Kenya the opposition blames the ruling party.

@ebenezeratiemo6041 5 ай бұрын

Same in Ghana my brother. They behave as if they were in power they would have done anything different. They are even worse than the ruling government.

@cooldudecrashlion 5 ай бұрын

Why they change the original thumbnail lol

@smilemedicine7214 5 ай бұрын

Cooperative union is not new in Ghana. This has nothing to do with the economy.

@tarotlumination4122 5 ай бұрын

Wow !!!! .... Just imagine if America reverted to traditional local community Free banking just like these women are doing. We could eliminate the FED !!! 😲💪😲

@vincentb5119 5 ай бұрын

😁

@vivianoosthuizen8990 5 ай бұрын

The debt is only to pay government employees not for the citizens!

@MyGod_MyLove-sn9ok 5 ай бұрын

100%! The rich and the crooked government always get richer, everyone else struggles and suffer.

@BizzeeB 5 ай бұрын

Spoiler Alert: They're all just going to South America, crossing the US-Mexico border, and claiming "asylum".

@kokoyaro 5 ай бұрын

Who defines "growth"? "Fastest growing" seems to mean fastest adaptation of an incompatible eurocentric system.

@CallMeDr.T. 5 ай бұрын

Fantastic grass-roots loan system.

@emmanuelcalpymbella657 5 ай бұрын

Insecurity in the middle belt in the hands of fulani herdsmen, is a major contributor to food insecurity in Nigeria

@danielakasmart2891 5 ай бұрын

What did Ghana give up in the process of restructuring their debt.

@msgoldndiamondsarefromafri8112 5 ай бұрын

Could they not see that by importing all the goods they were just making money for other economies. You can grow anything in most of Ghana.

@vincentb5119 5 ай бұрын

In spite of all the difficulties and poor performance of the Ghanaian economy between 2020 and 2022, it is worth mentioning the tremendous work that the finance minister has done in the last 2yr negotiating the debt restructuring both domestically and internatinally as well as gradually achieving a return to macroeconomic stability.

@fesderi3933 5 ай бұрын

Online hype is different from reality on ground

@vincentb5119 5 ай бұрын

@@fesderi3933 well the reality is that the debt restructuring negotiations have been successful and the IMF approval for assistance is also on course. That though, I agree, does not take away the fact that we could possibly have avoided all this trouble.

@vivianoosthuizen8990 5 ай бұрын

Bankers or cooperative? Why can’t the banks do this for the people

@masterlightjames950 5 ай бұрын

I guess your aim in putting those huts as thumbnail is to deride us, eh? Anyway, I'm proud of African huts. I wish I owned one. I will, one day.

@vincentb5119 5 ай бұрын

😂

@SuperKillerdog 5 ай бұрын

That’s all they do with their media outlets. I don’t blame them, I blame the leaders giving them access to these towns and villages. They are so many cities in Ghana, why not go there? They have an agenda.

@vitalifoma9189 5 ай бұрын

@quenky1yes it does , more people live urban area in africa than the villages . Also ,many villages are filled with modern houses so

@SuperKillerdog 5 ай бұрын

@quenky1 Yes it does, I don't understand the obsession of foreigners(especially Europeans) of always going to the remote parts of these countries and showing these parts as representation of the African image.

@SuperKillerdog 5 ай бұрын

@quenky1 That's not true, as an African, majority of the people live in the cities not the villages(it was like that 40-50 years ago, not today). Most cities overpopulated in this countries. Where did you pull those data from. Am African, so my word supersedes any false stats from foreigners.

@soothinglycool9806 5 ай бұрын

Africa must evaluate exactly what brics offers. Both Nigeria and Ghana are recipients of toxic Chinese debt trap loans. Sri Lanka, Zambia, Zimbabwe, Pakistan and Bangladesh have crippled economies thanks to the charming Chinese.

@Go4Broke247 5 ай бұрын

You're right, debt trap is worse than funding wars. I'll take War over debt trap anyday too!

@umbrellastudio7481 5 ай бұрын

Chinese products bring global commodity price down, without Chinese goods, price of everything will skyroket.

@thinkinlove-om5le 5 ай бұрын

We're gonna cope baby🎉

@GhostOnTheHalfShell 5 ай бұрын

Comparative advantage is a con. Work on endogenous economic vibrancy. Collaborate to the benefit of all.

@swts4k 5 ай бұрын

Africa is a continent not a country. Each country is dealing with inflation differently. Don't lump us all together.

@RoniForeva 5 ай бұрын

Dear ofori atta STOP TAXING EVERYTHING!!!

@antinatalistwitch111 5 ай бұрын

No big deal.... just keep having babies!!!!!!! 😊 wow humans are masochist, but essentially Africans

@user-du4ni6ot4s 5 ай бұрын

well so much money around the world goes to military budget... and so little to help the poor.

@Joey-ct8bm 5 ай бұрын

The EU gives 20 billion a year to Africa.

@Jason-wm8eu 5 ай бұрын

The Dollar dominance has 200 percent disadvantaged Global South because Dollar is available in the Developed Nation whilst Global South are racketeering to have the same Dollar. Africans economy relatively strives well when we have a balancing act (second option Trade by Batter )when inflation hits it's only the well Developed economy that has to navigate through their economics woes while developing economy not only has a bigger problem but scarcity or investors unwillingness to invest in those economy. I live in Germany. Here people's savings are gone but at least people can minimally support their families and businesses even without Germany borrowing from IMF in greater bound. Their should and must be Two Global Tender apart from Dollar. DOLLAR works largely for Developed economy and little or no use to developing economies whenever Inflation hits

@user-rz5zw4th1r 5 ай бұрын

Is the main issue the fact that a lot of these African countries have piled-up US-denominated debt? And are now struggling to pay off these debts and are printing off their currencies (which causes inflation) in order to pay off the US-denominated debt? Or is the inflation in Africa mainly driven by supply-chain/logistic issues?

@skipperson4077 5 ай бұрын

seems like a very simplistic Leftist point of view. There are many currencies available, as well as precious metals. A number of countries in the Americas use the $USD officially and Argentina is moving in that direction. Germany uses the Euro and at least some of its problems are from its own policies but you're blaming the dollar?!

@Jason-wm8eu 5 ай бұрын

@@skipperson4077 Read my comment the second time, I said Global Tender. Germany use Euros of course but when Germany trade with Australia they don't pay in Euro rather through European Bank pays in Dollars. If Euro,pound sterling or yaun can be used for Global Tender it will make Dollar scarcity unnoticed but the problem is that for international borrowing or investment to happen you need to look for Dollar. Can you pay for a loaf of bread with precious stones/metals. Your economy will decide easily availability on Dollar to your economy. Japan will have to look for Dollar in order to trade with Korea or China because we have only one Global Tender Dollar

@skipperson4077 5 ай бұрын

@@Jason-wm8eu I thank you for your reply. I am aware that may things are denominated in dollars/have to go through bank clearinghouses etc. and that can boomerang if an entity owes dollars but the local currency has fallen against the dollar. But, to use the example here of the Naira, the problem is less the dollar and more why has the Naira fallen so much with the likely answers coming from oil economics and corrupt governance.

@duncan.o-vic 5 ай бұрын

It's similar in developed countries. If it wasn't for exploitation of poorer nations, the would be no difference.

@SuperKillerdog 5 ай бұрын

😂😂😂 DW! You guys are too enlightened to be using mud hut thumbnail to describe cost of living in Africa. This is really dumb!

@alaamasuccess2213 5 ай бұрын

Worse ever Finance Minister in the history of Ghana

@Sensible_Money 5 ай бұрын

A shame that you picked a useless thumbnail to represent us. Not surprised

@allynourdin3667 5 ай бұрын

Covid never hit Africa

@LathropLdST 5 ай бұрын

Better say "Africa was too much for Covid"

@Joey-ct8bm 5 ай бұрын

Just ebola.

@allynourdin3667 5 ай бұрын

@@LathropLdST it might be too much but it doesn’t affect us

@vivianoosthuizen8990 5 ай бұрын

Corruption in governments in Africa

@dujardinmtl 5 ай бұрын

Corruption is everywhere woman. It’s just easy and lazy to blame all problems on corruption alone.

@magatism 5 ай бұрын

With every growth spurt, people become poorer.

@samuellopesbaule5745 5 ай бұрын

When you say that Africa is suffering from Ukraine/Russia war that's a big lie! The europeans like to link African countries being dependent on whatever European country!

@paulert23 5 ай бұрын

how are they not suffering because of the war? ukraine is one of the worlds top grain exporters, Africa, Asia and the middle east are big markets for them

@chaneldiane8611 5 ай бұрын

We have enough food. In Uganda we have grain and everything in surplus. Trust me !

@samuellopesbaule5745 5 ай бұрын

@@paulert23In Africa the majority of people don't eat rice and those chemicals you export. Only 20% from cities do eat. Europe export expired products to Africa as a leverage of looting African resources! Africa has 60% of arable land, and because of countries like Ukraine we are prevented from producing our own food by EU policies who corrupts ou governments! Yes, the Russia/Ukraine war doesn't affect African countries! That video is misleading, they went to trick people to say want they wanted them to say! Bulshit!!

@topweddingsa4059 5 ай бұрын

Topic and video Thumbnail !!!! Must was done by someone not from Africa 🙂

@latenyts6480 5 ай бұрын

On Bola Ahmed Tinubu's mandate Nigerians shall stand.😂

@Kite-te9km 5 ай бұрын

How is Europe being treated by inflation? Cost of living? Africa, Africa.....Africa.

@perception_management 5 ай бұрын

Africa had a chance for Freedom when Muammar Gaddafi introduced the denar as the currency for Africa

@samuellopesbaule5745 5 ай бұрын

Africa still have opportunity to be FREE from western looters! The only thing african need is to get rid off stooges like Nana Akufo-Ado, Bola Tinubu. William Ruto, Alassane Ouattara, Macky Sall, etc., etc.! After that, unite africans and close ties with western countries!

@merrydaye4763 5 ай бұрын

Yes He's doing so well.

@MrWise23 5 ай бұрын

The country is in chaos and everyone another country gets in chaos the currency would dive down. Would not be easy in Africa with so many conflicts in so many country’s. You see in Europe the northern and western country’s are stronger than the south (Spain, Italy, Greece) but even do there are differences it is by no means close to the chaos what some African country’s would put onto their currency if they had one

@nyabinghi870 5 ай бұрын

Our minister should just resign from future shame. He don't learn...

@actorneno 5 ай бұрын

Stop using France currency CFA Franc. France is not the Future but Africa is. Unite all african countries to African Union like European Union. Evolve your own African currency after uniting.

@alexkaranja3443 5 ай бұрын

One African Currency like the Euro will make countries more economically resilient. DW with click bait... Africa is not two countries.... I don't believe the heading would have been the same if it was say England and Spain.

@onionpeeler2023 5 ай бұрын

Everyone should just switch to using USD, it has the most stable value as history shows...

@MyGod_MyLove-sn9ok 5 ай бұрын

Oh trust me, the government and the affluent of Ghana definitely deal in USD! One time I even heard the professional sports players want to be paid ONLY in USD, not with Cedi!

@JJ-zv1hp 5 ай бұрын

🧐 by dispensing ransomware sourced income, thus flushing their domestic economies and subsequently adding to inflation! Seasonally or Cyclically

@CaneBTC 5 ай бұрын

So, saving more useless currency while the currency fails.. this is not the way. Make sure to have no currency, trade with crypto and barter products and services drectly.

@PETERNELLIGANNELLIGAN-bi4ev 5 ай бұрын

MAN IN SEARCH OF A SOUL BOOK INFLUENCE BOOK

@iConicSparks 5 ай бұрын

It’s Funny how the western world think that Africans are very poor, lol😂. You are talking about people who do not live on credits and they own their houses and means of income

@SH-bw5fx 5 ай бұрын

Could the box be stolen by one member , under a DARK AFRICAN nit .

@WadeyAdams 5 ай бұрын

The most useless and reckless Finance Minister in the history of Ghana.

@malcolmodoy2651 5 ай бұрын

European outlook on Africa is always negative, nothing new there.

@user-nz5dh6qq5x 5 ай бұрын

Let them they need something to make themselves feel superior

@malcolmodoy2651 5 ай бұрын

@@camocas Yes totally, that is why China is winning

@davidmutie 5 ай бұрын

We should embrace BRICS

@Joey-ct8bm 5 ай бұрын

Because South Africa is doing so well since BRICS with shortages of everything..😂 Iran's Houthi terrorists are now making everything more expensive in the world by attacking trade routes. Russia is in war with Ukraine. China made a map claiming territory of Russia and India. BRICS countries are doing well.😂

@fanamlawuli6761 5 ай бұрын

We are doing just fine, nothing iut of the ordinary

@urimtefiki226 5 ай бұрын

The cost of living is too high here in southern Europe, we are living with day by day paying our bills, but we will survive even eating grass if necessary, while you fighting for billions talking here about the bullshiter.

@PETERNELLIGANNELLIGAN-bi4ev 5 ай бұрын

GOULDS PATHOPHYSIOLOGY FOR HEEALTH PROFESSIONS NOT JUDITH GOULD

@harveynelson8027 5 ай бұрын

Ghana is worse.😢

@imtiazakand3174 5 ай бұрын

Limiless printing of dollar. World need de dollarization.

@Joey-ct8bm 5 ай бұрын

What is the alternative? The Yen? Ask Kenya how they are doing under the Chinese.

@_born84 5 ай бұрын

@@Joey-ct8bm Just like Ghana Kenya is also on IMF program only difference is that it's the country isn't headed for a default for it's maturing Eurobond that's due in June 2024

@user-os5fn6jp8e 5 ай бұрын

DW why are you silent about the Amhara genocide in Ethiopia. There is a completely blocked/hidden genocidal war in Ethiopia. The govt with all its power has declared a war against Amhara civilians who were peacefully demanding for at least the govt to grant them the right to live, work in their own country. It is tragic really.

@jw841 5 ай бұрын

Well in South Africa they are coping by increasing the rate of criminal activity. 2023 was terrible and I think 2024 will be worse.

@LathropLdST 5 ай бұрын

Thank China.

@Robin-il8nc 5 ай бұрын

They have a huge opportunity if they adopt Bitcoin

@aniemmanuel3160 5 ай бұрын

Go and sit down with that note you have because you don't know what you are saying

@pumalee1997 5 ай бұрын

and How Europeans are coping with a skyrocketing cost of living？

@weird-guy 5 ай бұрын

Depends on your social economic situation and if you are a home owner or not, some are just surviving others are doing ok,at least in my European country

@Joey-ct8bm 5 ай бұрын

Wages went up in my country.

@deniseproxima2601 5 ай бұрын

They opened the borders. Now they are blind to real numbers.

@wildearth3992 5 ай бұрын

European have social welfare system

@alpeshchoriya7581 5 ай бұрын

I think it is good for controlling population

@SuperKillerdog 5 ай бұрын

Don’t worry, we will continue to reproduce at a health rate. Take care of your house.

@user-nz5dh6qq5x 5 ай бұрын

The west obsession with africa is on another level but we understand that you know about the awakening and that is your greatest fear..lol...so the need to keep tabs is of great importance but keeping tabs wont stop the time 😂 😂

@aoikemono6414 5 ай бұрын

These are always great uplifting videos. Every time yet another African country is at the brink of economic collapse or political upheaval, you can always say to yourself, well at least I don't live in Africa. DW continues to think it is doing a great deed by informing the rest of the world of the plight of the many African countries, thinking they can improve their situation and make the world a better place. Too bad it's only useful for mocking the continent known as Africa. Maybe if they stopped blaming the West so much and instead actually faced the hard truths about their own culture and inherent dysfunction, maybe they might actually become civilized. Oh wait. Never mind. They are all persecuted minorities and it is never their own fault. 🤣

@user-ru5jy5lr4g 5 ай бұрын

LOL...I like how this guy starts the report off by saying Africa is the 2nd fastest growing economic region in the world. Umm...that's because you're playing catchup to the rest of us. You're still about 100 years behind.

@vincentb5119 5 ай бұрын

Truth

@deniseproxima2601 5 ай бұрын

You mean in a high rise in one of the half ghost city's or the full city's with more housing credit.

@dova-oj1kt 5 ай бұрын

Try making less babies

@XjvxkAick 5 ай бұрын

This is why Nigeria move abroad. It’s too hard to live in Nigeria very expensive. They should travel to the Middle East like Turkey easy work in Turkey.