High inflation has a destabilizing effect on the entire economy. This is according to Professor Ebo Turkson.
He made clear that when prices rise too quickly, it makes it difficult for businesses and individuals to plan for the future.
This uncertainty can hinder investment and slow down economic growth.
The situation makes it hard for the government to manage economic policies effectively.
Professor Turkson's comments highlight the broad challenges posed by persistent price increases.
These economic issues affect everyday life for many Ghanaians.