Business News of Friday, 7 March 2025
Source: www.ghanawebbers.com
The World Bank’s State of Food Security and Nutrition in the World report revealed that in 2023, up to 733 million people suffered from malnutrition an increase of 152 million since 2019 while hidden hunger affects 2.8 billion people due to rising food prices and income inequality.
Even though global food prices have eased from their 2022 peaks, a 1% rise still pushes an additional 10 million people into extreme poverty, underscoring the vulnerability of low-income households.
The report also highlights inefficiencies in the global food system costing $10 trillion annually and warns that without bold interventions, over 950 million people could face severe food insecurity by 2030.
Significant data gaps hinder accurate monitoring, but innovative tools like real-time dashboards and early warning systems are being developed to drive informed, timely decisions and build a more resilient, food-secure future.