Naira lost 10% value in 2022, says World Bank
Published on: Thursday 06 April 2023
The naira lost 10.2 per cent of its value in 2022, according to the World Bank.This came as rising food and fuel prices were responsible for high inflation in the country in 2022. The global bank revealed this in its latest Africa’s Pulse report for April 2023.It explained that the worst-performing currency in the Sub-Saharan African region was the Ghanaian cedi in 2022, which lost 40 per cent of its value in the year. It stated that the...
News source: https://www.msn.com/en-xl/news/other/naira-lost-10-value-in-2022-says-world-bank/ar-AA19zvyi
