Professor Ebo Turkson has stated that high inflation causes significant disturbances throughout the economy.
He explained that this economic condition destabilizes businesses and disrupts normal operations.
The economist pointed out that the effects of high inflation are felt across all parts of the economic system.
This situation makes it difficult for companies to forecast costs and revenues accurately.
He indicated that such instability hinders economic growth and development.
The professor's remarks underscore the broad impact of sustained price increases on the nation's financial health.
Further details on potential solutions or government responses were not provided by the professor.