The latest data from Numbeo has ranked Ghana as the 3rd country in West Africa with the highest cost of living.
It added that the country ranked 20th among 24 countries with the lowest cost of living in Africa.
Numbeo’s ranking is based on Rent Index, Groceries Index, Restaurant Purchase Index, and Local Purchasing Power Index.
Out of these, the overall Cost of Living Index was 26.0 ranking the country third in West Africa with the highest cost of living.
Ghana’s position, according to Numbeo was influenced by the slowdown in inflation and the depreciation of the cedi in 2023.
For the indicators, Ghana scored as follows:
Rent Index – 11.0.
Cost of Living Plus Rent Index – 18.8
Groceries Index – 27.2
Restaurant Purchase Index – 22.9
Local Purchasing Power Index – 14.8
For highest cost of living for other African countries, Cote d’lvoire ranked 1st in Africa and West Africa with a Cost-of-Living Index of 44.7.
Senegal ranked second with an index of 44.0.
Ethiopia was 3rd with a score of 43.1, whilst Mozambique and Mauritius were 4th and 5th with scores of 43.0 and 39.8 respectively.
SSD/NOQ
Minister for Finance, Dr. Cassiel Ato Forson, says the Mahama administration’s economic vision goes far… Read More
The 2026 Budget Statement and Economic Policy, presented by Finance Minister Dr. Cassiel Ato Forson,… Read More
The government has allocated GH¢150 million to the National Anti-Illegal Mining Operations Secretariat (NAIMOS) in… Read More
The government has earmarked GH¢828 million in the 2026 Budget for the construction of 1,000… Read More
Finance Minister Dr. Cassiel Ato Forson has announced that the 2026 Budget is strategically designed… Read More
President John Dramani Mahama has announced that Finance Minister Cassiel Ato Forson has allocated GH¢30.8… Read More